- U.S.-based FingerMotion operates primarily in China, delivering mobile tech-related services
- China has a population of nearly 1.5 billion people, nearly a billion of whom are using mobile smartphones and the Internet to transact purchases, send messages, and acquire support services
- FingerMotion is focused on mobile payments and mobile phone recharging, but is also building a strong platform for insurtech services and using its database IP for predictive services that may benefit other industries as well
- FingerMotion is anticipating year-end financial reporting by the close of May, predicting revenues will top $16 million for the year
During the seven decades that have passed since the founding of the People’s Republic of China, the nation has evolved from a country dependent on foreign suppliers for its telecommunications equipment, without any competition for carrier services, to a global powerhouse country with a deregulated and competitive industry (https://ibn.fm/FkBXq) that increasingly operates independently in providing carrier services to its customers (https://ibn.fm/JSaFG).
As China’s visionaries continue to capture next-level 5G network buildout patents and contracts, geopolitical tensions surrounding its advances have increased but the nation has pressed forward, and its population of nearly 1.5 billion people is ensuring a ready marketplace for telecommunications advances. Over the past quarter century, with the explosive developments surrounding the Internet and satellite-based communications, China’s mobile phone users have grown from 3.6 million subscribers and its Internet users have grown from 60,000 people (https://ibn.fm/adF0Z) to about 986 million people accessing the Internet from smartphones (https://ibn.fm/sfhv3) out of a total 989 million Internet users (https://ibn.fm/nQCnM).
The huge marketplace is proving to be a boon to evolving technological services company FingerMotion (OTCQX: FNGR), which is aiming to acquire more than a billion customers for its mobile payment, mobile phone recharge platform and insurtech services through a step-by-step developmental strategy.
FingerMotion transformed from a mobile gaming company launched in 2016 to its current operation. Working with three major platform partners — Alibaba’s (NYSE: BABA) TMALL sites, PinDuoDuo (NYSE: PDD) and JD.com (NASDAQ: JD) — the company is rapidly building a large clientele in Southeast Asia derived from mobile service provider giant China Unicom’s (NYSE: CHU) e-commerce portals.
FingerMotion’s service offerings include telecommunication products and services and SMS and MMS services, the company’s core revenue sources, as well as the rich communication services and big-data insights launching this year. The big data product has the potential to provide the foundation for the company’s “strong foray” into insurtech offerings as well as predictive services for other sectors such as health care, financial services and consumer e-commerce applications.
In January, we made one of the most significant announcements as a company. We are very proud to announce our partnership with Pacific Life Re-insurance, in essence becoming their data provider,” FingerMotion CEO Martin J. Shen said last month (https://ibn.fm/tmzRq).
The company’s Sapientus database overlays the data with AI-driven behavioral analytics to help provide predictive measures about consumer habits.
The company expects to file its annual year-end financial report by the end of May, and expects that revenues will top $16 million for the fiscal year that ended Feb. 28, according to Shen (https://ibn.fm/Wlqm9).
For more information, visit the company’s website at www.FingerMotion.com.
NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR
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