- FingerMotion’s launch of the mobile device protection product in the Chinese market looks to tap into an industry valued at approximately $10.6 billion annually
- The company has also partnered with an NYSE-listed insurance company looking to venture into the Chinese market and is confident that this, together with the product launch, will accelerate its revenue growth over the next 6-12 months
- Its management is also optimistic that this latest addition will help achieve the company’s goal of pushing gross margins higher, having posted a 12% gross margin in the 2022 fiscal year, up from 9% the previous year
- Martin Shen, FingerMotion’s CEO, notes that the company’s revenue currently is just the tip of the iceberg, and with the addition of the device protection program and building on the top-up and SMS services, the company is set to experience significant growth as time progresses
On July 15, 2022, FingerMotion (NASDAQ: FNGR), an evolving technology company with a core competency in mobile payment and recharge platform solutions in China, launched its mobile device protection product in the market, looking to tap into an industry valued at approximately $10.6 billion annually (https://ibn.fm/lz5xs).
The launch was a bold move by the company to introduce a new offering in a sector previously limited to broken screen protection, leaving a vastly untapped market it could exploit. But, more importantly, FingerMotion was looking to take advantage of the advent of 5G in China by redefining the…
NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR
ChineseWire (CW) is a specialized communications platform focused on promising China-based companies that are listed in North America. As one of 40+ brands within the InvestorBrandNetwork (“IBN”), CW provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution to IBN’s millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, CW is uniquely positioned to best serve private and public Chinese companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CW brings its clients unparalleled visibility, recognition and brand awareness. CW is where news, content and information converge.
To receive SMS text alerts from ChineseWire, text “China” to 844-397-5787 (U.S. Mobile Phones Only)
For more information, please visit https://www.ChineseWire.com
ChineseWire is part of the InvestorBrandNetwork.