News

December
06

Moxian Inc. successfully uplists on Nasdaq

   Moxian Nasdaq

Moxian, Inc., an offline-to-online (O2O) integrated social media platform operator, was officially uplisted on 15 Nov 2016 on the Nasdaq Capital Market (Nasdaq) from the OTCQB Venture Marketplace, where it was formerly traded. This makes it the only Singapore company currently listed on Nasdaq, after the delisting of Creative Technology in 2007. In conjunction with the uplisting, there was a public offering of 2,501,250 shares of its common stock at a public offering price of $4.00 per share. Its opening bell event at Nasdaq MarketSite in Times Square, New York, was attended by the company’s management, which included CEO and Chairman James Tan and Executive Director Hao Qing Hu.

Moxian is in the business of operating an O2O social commerce eco-system called Moxian+. O2O refers to activities that originate online and eventually result in a consumer going to a physical store. Under Moxian+, businesses are given a social media platform to interact with consumers, study their behaviour through data analytics as well as run targeted marketing campaigns and promotions with these consumers.

Its clients are primarily merchants who pay a subscription fee to use the Moxian+ platform and application. Through the Moxian+ Business App, merchants are able to interact with users of the Moxian social media platform, who gain access to the platform through downloading the Moxian+ User App[1]. The App offers interactions such as messaging targeted customers, providing rewards to users and hosting events; as well as applications such as creating an online shop, receiving analytics reports, providing fan rewards and social customer relationship management. For the users, they can interact with other users, receive news feeds, play games, shop at merchants’ online stores and win a variety of rewards such as vouchers, discounts and points.

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On 5 December 2016, CEO James Tan and Vice President of Creative Marketing, Edmund Ooi met Wong Wei Han, from the Straits Times Business Desk in an exclusive interview about the uplisting.

[1] Both Apps are currently available in the Google Play Store and the Apple App Store.

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