News and Announcements
Crowd Mobile Expands Into China With SmartTrans Partnership
- Published August 04, 2016 2:11PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
1st August 2016, ASX Announcement
Highlights
- Crowd Mobile signs Letter of Intent with SmartTrans to utilise SmartTrans’ proven and established payments platform in China
- Crowd Mobile will leverage SmartTrans’ payments platform to launch product offering and quickly and easily monetise in the Chinese market
- Crowd Mobile will gain access to over 1 billion potential customers across the SmartTrans network
- Crowd Mobil’es successful Q&A products have been localised for the Chinese market
- China is the world’s laregst e-commerce market, estimated to top US$1.1 trillion by 2020 according to Forrester
Crowd Mobile Limited (ASX: CM8 & FWB-XETRA: CM3, Crowd Mobile, “the Company”) is pleased to announce it has signed a Letter of Intent (LOI) with SmartTrans Holdings Limited (ASX:SMA) and its subsidiary SmartTrans Technology (Beijing) to form a partnership that will give the Crowd Mobile an effective entry point to the Chinese market.
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