Earlier today, Moxian, Inc.
(OTCQB: MOXC) announced that its subsidiary, Moxian Technologies (Beijing) Co.
Ltd., has entered into an exclusive development partnership with Xinhua New
Media Culture Communication Co. Ltd. Through this partnership, Moxian will
serve as the exclusive seller of advertising space for Xinhua’s popular gaming
platform, the Xinhua New Media App. Per the terms of the five-year agreement,
Moxian will assist Xinhua with enhancing user retention by offering Mo-Coins
and Mo-Points in exchange for interaction with advertisements within the app.
After earning these credits, users can log into the Moxian platform in order to
redeem their rewards.
“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,” Tan Meng Dong James, chief executive officer of
Moxian, stated in the news release.
By partnering with Xinhua, Moxian
is expected to gain immediate access to a massive base of active members.
According to the news release, the Xinhua New Media App currently boasts more
than 110 million registered users, including 10 million daily active users. As
the exclusive reseller of advertising space for the app, Moxian is now in a
favorable strategic position to dramatically boost its visibility and influence
in the market place while quickly expanding upon its existing user base.
Since announcing the formation of
its Beijing subsidiary earlier this month, Moxian has wasted no time in
establishing a strengthened strategic foothold in the capital of the People’s
Republic of China. Moving forward, the company’s subsidiary will continue to
focus on growing Moxian sales in Beijing while driving local merchants and
users to its social marketing and promotion platform. To date, Moxian Beijing
has been staffed with 15 employees, and the company expects to increase its
in-house Beijing sales team to 50 salespeople by the end of this year in an
effort to maximize market penetration.
The company’s new agreement with
Xinhua is a great first step toward maximizing on the market potential
presented by its new subsidiary. With a new source of revenue secured, Moxian
is in a prime position to capitalize on its boosted visibility and influence in
the market space. Look for the company to continue benefiting from its
cooperation with Xinhua while garnering a noteworthy boost to its user base in
the short term. Tan Meng Dong James echoed this sentiment to conclude today’s
news release.
“We look forward to the headway
and potential this mutually advantageous deal provides both companies,” he
stated.
For more information, visit the
company’s website at www.Moxian.com
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