FingerMotion Inc. (NASDAQ: FNGR) Making the Most of Massive Cell Phone Services Opportunities in Chinese Market

August 8, 2022 08:05:00
  • China has long been a telecommunications juggernaut market thanks to its nearly 1.5 billion population and the popularity of using multiple mobile devices among its people
  • U.S.-based communications technology services provider FingerMotion has focused on delivering a variety of telecommunications services to the Chinese market, ranging from SMS texting to big data analysis 
  • FingerMotion recently reported important quarterly revenues from its operation despite a new series of lockdowns resulting from China’s zero-tolerance policy toward the COVID pandemic
  • The company continues to explore new growth opportunities, such as a device protection service it rolled out in July that will exceed the scope of most protection plans and provide the company with new revenue at relatively low cost

China has long presented a massive opportunity for mobile phone-connected market innovation, with its 1.66 billion-person mobile products user base and forecasts for continued growth, especially as 5G technology rolls out (https://ibn.fm/eORo1).

By the end of June, the number of 5G base stations in China reached 1.854 million, and there are more than 450 million 5G mobile phone users in the country, according to a report by Global Times on this year’s China Computational Power Conference (https://ibn.fm/ujXuy). Data presented at the…

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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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