SHENZHEN, China, Aug. 4, 2017 /PRNewswire/ -- Moxian, Inc. ("Moxian" or the "Company") (Nasdaq: MOXC), an offline-to-online (O2O) integrated social media platform operator, today announced that it has signed a memorandum of understanding ("MOU") for a strategic partnership with Shewn International Group, Inc. ("Shewn"), pursuant to which the two parties will collaborate on a number of initiatives that both companies hope will bring mutual benefits.
Based in Shanghai, Shewn is in the business of distributing high-end wines and related products through its extensive retail network in China which covers some of the major cities in China. Pursuant to the MOU, Moxian and Shewn will form joint-venture(s) or partnership which will allow Moxian and Shewn to share their collective tangible and intangible assets in pursuits of a common goal of developing new products and technologies as well as participating in high-growth markets. This may include developing an integrated application for Shewn that integrates its Mo-Points redemption system with UnionPay's payment gateway to facilitate mobile payments and capture valuable user data on Shewn's Customer Relationship Management ("CRM") systems as well as its network of proprietary vending machines that are currently being deployed in some major cities in China.
As part of the strategic partnership, the two parties may also agree to jointly develop pin-point advertisements and targeted marketing programs and to potentially expand the scope of collaboration, including provision of future equity participation opportunities to Shewn.
James Tan, Chairman and Chief Executive Officer of Moxian, commented, "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. 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."
Nick Dong, President of Shewn, added, "Through this strategic and co-operation partnership, we expect to fully integrate our distribution network and CRM systems with Moxian's cutting edge mobile technologies that engage users and merchants through not only business transactions but also games, rewards and social events. We are excited about the opportunity to work with Moxian team and look forward to this partnership bearing fruit."
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.
This press release may contain information about Moxian's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Moxian encourages you to review other factors that may affect its future results in Moxian's registration statement and in its other filings with the Securities and Exchange Commission.
For more information, please contact:
At the Company
Phone: + 86 755 83580755
Tony Tian, CFA
Weitian Group LLC
SOURCE Moxian, Inc.