FingerMotion Subsidiary & China Unicom Launch Machine Safety Insurance coverage Service


NEW YORK, NY / ACCESSWIRE / February 8, 2022 / FingerMotion, Inc. (NASDAQ:FNGR) (the “Firm” or “FingerMotion”), a cell information and companies firm, is happy to announce the rollout of China Unicom’s machine safety insurance coverage product created by FingerMotion’s subsidiary Shanghai TengLian JiuJiu Info Communication Know-how Co., Ltd. (“TengLian”). The rollout is an enlargement of the 2019 portal settlement between the events and was awarded to TengLian by means of a bidding course of.

The product, an opt-out machine safety insurance coverage, will supply protection for damaged cell phone screens, guarantee extension, and trade-ins and so forth. This will likely be a part of a normal bundle and permit customers to opt-out of the insurance coverage ought to they determine to not proceed with the subscription. This machine safety insurance coverage is a brand new progressive product that targets an current market that originally launched cell phone repairs for under unique buyer teams.

China Unicom has a community of 400 million customers and was trying to improve its service choices on its portal. With {the marketplace} quickly evolving as China’s digital panorama converts to 5G, many customers are planning to improve from their 4G gadgets. This new cooperation settlement between TengLian and China Unicom will lead to extra value-added companies and will improve buyer retention throughout their improve cycle.

TengLian’s rollout consists of two strategic approaches: the primary technique will likely be to give attention to the value-added service of China Unicom’s official APP and PLUS members, which can cowl the entire community of China Unicom; and the second technique will likely be to offer a extra customized method of customization to the member’s cell phone plans. This rollout will initially give attention to 4 main provinces in China, beginning with Henan province with its 30 million customers and increase in phases to Anhui, Zhejiang, and Shaanxi with their 7 million1, 20 million, and 6 million2 customers, respectively. The Firm anticipates onboarding 500,000 cell phone safety customers inside the calendar 12 months.

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“This newest cooperation settlement with China Unicom underscores our capability to develop next-generation options prematurely of our buyer requests,” stated Martin Shen, CEO of FingerMotion, Inc. “{Our relationships} with the most important telecoms proceed to evolve in a optimistic method. We received this open bidding course of as a result of our crew has been forward of the competitors, envisioning what the purchasers’ wants earlier than they even understand what they need. Conservatively we count on this contract to create 20 million customers and unfold over 10 provinces over the following 3 years. The core platform will proceed to be enhanced with extra product choices as we have now the flexibility to hyperlink end-user teams with our merchandise. As China Unicom grows into the family home equipment market, we’ll observe them with different merchandise and presumably underneath our personal model.”

About TengLian

TengLian is a digital expertise service firm that gives long-term e-commerce portal service administration to the cell operators in China. The corporate is permitted to optimize the product and repair choices within the portals, which implies they’ve the potential to successfully combine services inside the portal and referrals outdoors the portal. The corporate additionally has a buyer assist operate, in order that customers are capable of rapidly and effectively clear up their points.

About China Unicom

The aim of China Unicom has been to give attention to offering high quality 5G service which is why they’ve entrusted TengLian as their unique companion to outsource {hardware} gross sales and bundled packages. China Unicom plans to guide the “5G & Twin Gigabit” transformation and this primary step will usher in a brand new service expertise for the person and spotlight the benefits of the China Unicom model, which seems to be to increase past cell phones to good gadgets and home equipment for each the house and office.

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About FingerMotion, Inc.

FingerMotion is an evolving expertise firm with a core competency in cell cost and recharge platform options in China. It’s certainly one of just a few firms in China with entry to wholesale rechargeable minutes from China’s largest cell phone suppliers that may be resold to shoppers. Because the person base of its main enterprise continues to develop, the Firm is growing extra value-added applied sciences to market to its customers. The imaginative and prescient of the Firm is to quickly develop the person base by means of natural means and have this development turn into an ecosystem of customers with excessive engagement charges using its progressive functions. Growing a extremely engaged ecosystem of customers would strategically place the Firm to onboard bigger buyer bases. FingerMotion finally hopes to serve over 1 billion customers within the China market and finally increase the mannequin to different regional markets.

Firm Contact:

FingerMotion, Inc.

For additional info e-mail: [email protected]

Cellphone: 718-269-3366

Investor Relations Contact:

Skyline Company Communications Group, LLC
Scott Powell, President

One Rockefeller Plaza, eleventh Ground
New York, NY 10020
Workplace: (646) 893-5835
E-mail: [email protected]

Secure Harbor Assertion

This launch accommodates forward-looking statements that contain dangers and uncertainties. Ahead-looking statements give our present expectations of forecasts of future occasions. All statements aside from statements of present or historic truth contained on this launch, together with statements relating to our future monetary place, enterprise technique, new merchandise, budgets, liquidity, money flows, projected prices, regulatory approvals or the influence of any legal guidelines or laws relevant to us, and plans and goals of administration for future operations, are forward-looking statements. The phrases “anticipate,” “consider,” “proceed,” “might,” “ought to,” “estimate,” “count on,” “hope,” “intend,” “could,” “plan,” “mission,” “will,” and related expressions, as they relate to us, are meant to determine forward-looking statements. We now have primarily based these forward-looking statements on our present expectations about future occasions. Whereas we consider these expectations are cheap, such forward-looking statements are inherently topic to dangers and uncertainties, a lot of that are past our management. Our precise future outcomes could differ materially from these mentioned or implied in our forward-looking statements for varied causes. Elements that might contribute to such variations embrace, however should not restricted to: worldwide, nationwide and native common financial and market circumstances; demographic adjustments; the flexibility of the Firm to maintain, handle or forecast its development; the flexibility of the Firm to handle its VIE contracts; the flexibility of the Firm to take care of its relationships and licenses in China; adversarial publicity; competitors and adjustments within the Chinese language telecommunications market; fluctuations and issue in forecasting working outcomes; enterprise disruptions, akin to technological failures and/or cybersecurity breaches; and the opposite components mentioned within the Firm’s periodic reviews which can be filed with the Securities and Alternate Fee and accessible on its web site ( Given these dangers and uncertainties, you’re cautioned to not place undue reliance on such forward-looking statements. The forward-looking statements included on this launch are made solely as of the date hereof. We don’t undertake any obligation to replace any such statements or to publicly announce the outcomes of any revisions to any of such statements to replicate future occasions or developments.

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SOURCE: FingerMotion, Inc.

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