Moxian, Inc. (OTCQB: MOXC) earlier
this week announced that its subsidiary, Moxian Technologies (Beijing) Co.
Ltd., has entered into a partnership agreement with Xinhua New Media Culture
Communication Co. Ltd. The arrangement enables Moxian to serve as the exclusive
seller of advertising space for the Xinhua New Media App, Xinhua’s gaming
platform. The five-year agreement states that Moxian will assist Xinhua with
bolstering user retention by offering Mo-Coins and Mo-Points in exchange for
interacting with advertisements within the app. Once the credits are acquired,
users can log into the Moxian platform to redeem their rewards.
Tan Meng Dong James, Moxian’s CEO,
stated, “This strategic cooperation agreement with Xinhua New Media Culture
Communication Co. Ltd., a Xinhua Media affiliate, lays a solid foundation for
Moxian’s future promotions and developments, while also gradually yet
effectively driving the Moxian App into the Internet mainstream.”
The partnership fosters Moxian’s
ability to have access to an impressive base of active members. Tan Meng Dong
James’s recent statement notes that the app’s membership numbers are in the
range of over 110 million registered users, including 10 million daily active
users. As the exclusive reseller of advertising space for the app, Moxian is
now poised to increase its visibility and market influence while simultaneously
expanding its current base of customers.
The MOXC agreement with Xinhua
initiates a key move toward maximizing on the market potential presented by its
new Beijing subsidiary. This new revenue source puts Moxian in a strong
position to take advantage of its expanded presence in the market. Meng Dong
James added in his statement, “We look forward to the headway and potential
this mutually advantageous deal provides both companies.”
Moxian, Inc. operates a social
network online-to-offline platform that integrates social media and business
for small- and medium-sized enterprises, primarily in China. MOXC products and
services focus on creating interaction between users and merchant clients by
allowing merchant clients to study consumer behavior. The company formerly
operated under the name Moxian China, Inc. before changing its name to Moxian,
Inc. in July 2015. Moxian, Inc. was founded in 2010 and is based in Shenzhen,
China.
For more information, visit the
company’s website at www.Moxian.com
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