Moxian. Inc. Establishes Strategic Partnership with Leading IT Product Wholesaler in Guangzhou
SHENZHEN, China, March 15, 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 entered into a strategic partnership (the "Partnership") agreement with Lap Hang Technology Co., Ltd. ("Lap Hang"), a Guangzhou-based wholesaler and distributor of computers and peripherals with over 23 years of history operating out of Guangzhou Pacific Computer City and serving over 10,000 merchants through its sales and distribution network.
Under the Partnership agreement, Lap Hang and its merchant partners will utilize Moxian's fully integrated O2O mobile platform to manage customer relations and promotion and reward programs. Moxian will also help Lap Hang build a virtual community B2M mobile platform which features social networking, gaming, Moxian's patent-pending virtual currency engine and an online reward redemption center.
James Tan, Chairman and Chief Executive Officer of Moxian, commented, "This mutually beneficial partnership gives each party the opportunity to fully leverage the counter party's growth for its own benefit through Moxian's powerful platform and unique data sharing scheme. We believe the Partnership will allow Lap Hang and its merchant partners to effectively transform from a traditional B2B model to a B2B2C model, and thus significantly extend its business scope, cut out the middleman, and improve its CRM and marketing effectiveness. We look forward to this Partnership to bear fruit in the near future."
About Lap Hang Technology Co, Ltd.
Established in 1994, Lap Hang Technology Co., Ltd. ("Lap Hang") is a leading IT product wholesaler and distributor, providing onestop full supply chain solutions, including IT product sourcing, financing and logistics services, to tens of thousands of small- and micro- retail stores in lower tier cities in Southern China. Lap Hang operates out of Guangzhou Pacific Computer City, the largest wholesale marketplace for computers and peripherals in China with over 6,000 merchants and over 60,000 average visitors per day.
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
Tony Tian, CFA
Weitian Group LLC
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SOURCE Moxian, Inc.
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