NetworkNewsBreaks – FingerMotion Inc. (NASDAQ: F
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FingerMotion (NASDAQ: FNGR), a big data company with revenue streams from mobile recharge, SMS, and Insuretec services, today announced its entry into a cooperation agreement between Migu Video Technology Co. Ltd. (“Migu Video”) and FingerMotion’s contractually controlled subsidiary, Shanghai JiuGe Information Technology Co. Ltd. The agreement seeks to start in-depth collaboration on overseas hardware and terminal business. Migu Video is a wholly owned subsidiary of China Mobile’s Migu Culture Technology Co. Ltd., which is the sole streaming content producer of Migu Culture in the video field. It is regarded the first to establish a multi-channel network (“MCN”) in China. Key elements of the MCN of Migu Video include overseas growth, the research and development of international standards that highlight Chinese culture and art, as well as the establishment of an international video sharing platform. Through the cooperation agreement, the company seeks to collaborate with Migu Video to develop a solution to fully combine FNGR’s innovative product research and development capabilities and resource integration capabilities in order to expand into the international streaming market with Migu Video.
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