This has been a successful year for Moxian, Inc. (NASDAQ: MOXC). The company, a China-based provider of social media marketing and promotion platforms, has been making progress toward achieving its plans for expansion. Since its beginnings in 2010, MOXC has launched the Moxian+ User Application for consumers to take advantage of various social networking tools, rewards, activities, and games. Separately, the company launched its Moxian+ Business Application, allowing merchants to build relationships with consumers and manage advertising.
With China leading the O2O market today, it is no surprise that MOXC has been targeting small- to medium-sized businesses in the larger metropolitan areas of China. In January of this year, Moxian established its Beijing subsidiary, Moxian Technologies (Beijing) Co. Ltd., in the Dongcheng district of Beijing. This new corporate subsidiary is focused on growing sales in the Beijing area. The company also plans to expand its in-house sales team in Beijing to 50 salespeople in order to pursue maximum market penetration.
In addition, according to an updated coverage report of Moxian, Inc. undertaken by Crystal Equity Research (http://dtn.fm/qMT9c) and released on August 30 of this year, the company has “perfected and tested its O2O platform in Asian markets and is homing in on the largest metropolitan areas in China.” The report also states that Moxian should see a dramatic increase in revenue from merchant subscriptions, as it has now opened direct sales offices in some of the most popular areas of China. Moxian could also be building distribution partnerships with third parties that already have significant relationships with merchants.
Driving more sales and expanding to Beijing are not the only highlights from 2016. Recently, MOXC uplisted to the Nasdaq Capital Market. The release of this news was accompanied by that of Moxian completing a best efforts public offering of over 2.5 million shares of its common stock at a public offering price of $4 per share. This uplisting will play a key role in widening MOXC’s visibility within the investment world as well as increasing shareholder value.
For more information, visit the company’s website at www.Moxian.com
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