Offline-to-online (O2O) integrated social media platform operator Moxian, Inc. (NASDAQ: MOXC) this morning announced that it has signed a memorandum of understanding for a strategic partnership with Shanghai-based Shewn International Group, Inc. As part of the arrangement, the two parties will form joint-ventures or partnerships aimed at allowing the companies to share their collective tangible and intangible assets in pursuit of a common goal of developing new products and technologies while participating in high-growth markets. “China’s retail industry is going through a major transformation where mobile payments, marketing tools and customer data analytics converge into one single platform, and Shewn is a good example of a nationwide merchant capitalizing on the power of such platform to improve its marketing efficiency,” James Tan, chief executive officer of Moxian, stated in the news release. “With the extension of our powerful Moxian+ mobile App platform to Shewn and its distribution network, we look forward to a mutually beneficial relationship between the two parties in years to come.”
To view the full press release, visit http://dtn.fm/7QomK
About Moxian, Inc.
Founded in 2013 in Shenzhen, China with branch offices in Beijing, Malaysia, and Hong Kong, Moxian, Inc. is an offline-to-online (O2O) integrated platform operator. The Company’s “Moxian+” mobile App platform connects Users to Merchant Clients through games, rewards and social events that they enjoy and in return, Users provide valuable information that Merchant Clients can use to effectively promote products and services offered at their brick and mortar stores. More information about the Company can be found at www.moxian.com.
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