Earlier today, Moxian, Inc. (OTCQB: MOXC) announced that its
subsidiary, Moxian Technologies (Beijing) Co. Ltd., has entered into an
exclusive development partnership with Xinhua New Media Culture Communication
Co. Ltd. Through this partnership, Moxian will serve as the exclusive seller of
advertising space for Xinhua’s popular gaming platform, the Xinhua New Media
App. Per the terms of the five-year agreement, Moxian will assist Xinhua with
enhancing user retention by offering Mo-Coins and Mo-Points in exchange for
interaction with advertisements within the app. After earning these credits,
users can log into the Moxian platform in order to redeem their rewards.
“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,”
Tan Meng Dong James, chief executive officer of Moxian, stated in the news
release.
By partnering with Xinhua, Moxian is expected to gain
immediate access to a massive base of active members. According to the news
release, the Xinhua New Media App currently boasts more than 110 million
registered users, including 10 million daily active users. As the exclusive
reseller of advertising space for the app, Moxian is now in a favorable
strategic position to dramatically boost its visibility and influence in the
market place while quickly expanding upon its existing user base.
Since announcing the formation of its Beijing subsidiary earlier
this month, Moxian has wasted no time in establishing a strengthened strategic
foothold in the capital of the People’s Republic of China. Moving forward, the
company’s subsidiary will continue to focus on growing Moxian sales in Beijing
while driving local merchants and users to its social marketing and promotion
platform. To date, Moxian Beijing has been staffed with 15 employees, and the
company expects to increase its in-house Beijing sales team to 50 salespeople
by the end of this year in an effort to maximize market penetration.
The company’s new agreement with Xinhua is a great first
step toward maximizing on the market potential presented by its new subsidiary.
With a new source of revenue secured, Moxian is in a prime position to
capitalize on its boosted visibility and influence in the market space. Look
for the company to continue benefiting from its cooperation with Xinhua while
garnering a noteworthy boost to its user base in the short term. Tan Meng Dong
James echoed this sentiment to conclude today’s news release.
“We look forward to the headway and potential this mutually
advantageous deal provides both companies,” he stated.
For more information, visit the company’s website at www.Moxian.com
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