Moxian, Inc. (OTCQB: MOXC) earlier this week announced that
its subsidiary, Moxian Technologies (Beijing) Co. Ltd., has entered into a
partnership agreement with Xinhua New Media Culture Communication Co. Ltd. The
arrangement enables Moxian to serve as the exclusive seller of advertising
space for the Xinhua New Media App, Xinhua’s gaming platform. The five-year
agreement states that Moxian will assist Xinhua with bolstering user retention
by offering Mo-Coins and Mo-Points in exchange for interacting with advertisements
within the app. Once the credits are acquired, users can log into the Moxian
platform to redeem their rewards.
Tan Meng Dong James, Moxian’s CEO, stated, “This strategic
cooperation agreement with Xinhua New Media Culture Communication Co. Ltd., a
Xinhua Media affiliate, lays a solid foundation for Moxian’s future promotions
and developments, while also gradually yet effectively driving the Moxian App
into the Internet mainstream.”
The partnership fosters Moxian’s ability to have access to an
impressive base of active members. Tan Meng Dong James’s recent statement notes
that the app’s membership numbers are in the range of over 110 million
registered users, including 10 million daily active users. As the exclusive
reseller of advertising space for the app, Moxian is now poised to increase its
visibility and market influence while simultaneously expanding its current base
of customers.
The MOXC agreement with Xinhua initiates a key move toward
maximizing on the market potential presented by its new Beijing subsidiary.
This new revenue source puts Moxian in a strong position to take advantage of
its expanded presence in the market. Meng Dong James added in his statement,
“We look forward to the headway and potential this mutually advantageous deal
provides both companies.”
Moxian, Inc. operates a social network online-to-offline
platform that integrates social media and business for small- and medium-sized
enterprises, primarily in China. MOXC products and services focus on creating
interaction between users and merchant clients by allowing merchant clients to
study consumer behavior. The company formerly operated under the name Moxian
China, Inc. before changing its name to Moxian, Inc. in July 2015. Moxian, Inc.
was founded in 2010 and is based in Shenzhen, China.
For more information, visit the company’s website at www.Moxian.com
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