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99 Wuxian expands cloud services markets with new contracts

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Mobile e-commerce company 99 Wuxian (ASX:NNW) is marking strong global growth across its business partners and distribution channels with two new contracts and an expansion of operations into rural China.

The company has signed new contracts with Fujian and Hubei Rural Credit Cooperatives delivering access to an additional customer base of 96.3 million people.

The agreements will see 99 Wuxian provide its mobile marketplace and Incentive Cloud Services (“ICS”) platform with reward point redemption and marketing promotion gift redemption.

It will provide 99 Wuxian with access to an additional potential customer base across 154 cooperatives in rural China.

Importantly, 99 Wuxian’s recent momentum has included an expansion into the travel market, marking the company’s diversification beyond its core sector of banking and financials.

99 Wuxian signed its first travel industry contract with the e-commerce platform of Jinjiang Travel one of the largest travel agents in China.

Jinjiang is one of only three ticket agents to Shanghai Disneyland.


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Quick facts: 99 Wuxian Ltd

Price: 0.065 AUD

ASX:NNW
Market: ASX
Market Cap: $75.38 m
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