- Martin Shen, FingerMotion’s CEO, acknowledged the solid and resilient performance of the company’s Top Up business, noting how the recurring revenue streams from it have created a solid foundation on which to expand its product line
- This expansion has seen the introduction of FingerMotion’s latest offering, a device protection insurance product for mobile phones. The company is looking to hit the milestone of one million devices under its protection plan by early 2023, and 20 million users within three years
- Mr. Shen has lauded the massive onset and adoption of 5G in China as a critical factor for this service’s growth, regarding it as a “tailwind”
- He is confident that the success of this new offering will form an even stronger foundation on which the company can further grow its products and services, grow its revenues and improve its gross margins
While speaking during the signing of a strategic cooperation agreement between China Mobile and Shanghai TengLian JiuJiu Information Communication Technology Co., Ltd (a 99% owned subsidiary), Martin Shen, the Chief Executive Officer (“CEO”) of FingerMotion (NASDAQ: FNGR) acknowledged the resilient performance of the company’s Top Up business. As an evolving technological company with core competencies in mobile payment and recharge platform solutions for the Chinese market, Mr. Shen was keen to note the company’s progress over the years and the role that this business has played in FingerMotion’s growth (https://ibn.fm/FW36e).
“One of the other things that we are finding out is that the Top Up business is extremely resilient to any…
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