(NASDAQ:NISN)
Beijing
Jingdong Century Information Technology Co., Ltd is wholly-owned by Beijing
Jingdong Century Trading Co., Ltd and a subsidiary of JD.com. Under this
cooperation, the two groups will lean on their respective logistics networks,
supply chain resources, and technologies, to complement each other's advantages
and collaborate to develop integrated supply chain solutions targeting the
e-commerce industry, deploying JD's e-commerce platform and prioritizing
customer experience. Through this cooperation, Nisun will further integrate the
upstream and downstream of supply chain logistics and improve efficiency to
provide comprehensive products and sales solutions.
"This
partnership with China's e-commerce
giant marks another important step for Nisun in the deployment of our long-term
growth strategy while providing an opportunity for us to expand our presence in
the e-commerce field," said Mr. Xiaoyun Huang,
Chairman and Chief Executive Officer of Nisun International. "In addition,
making use of JD's advantages in traffic, logistics, and warehousing, Nisun can
accelerate its growth in the supply chain industry while improving its capacity
and efficiency in supply chain management. This partnership will allow us to
improve product and service offerings and remain focused on our goals to meet
customer demands while creating value for shareholders."
NASDAQ Listed
Technology Driven Integrated Supply Chain Solutions Provider for the
International Finance Industry.
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Nisun International Enterprise Development Group Co., Ltd (NASDAQ:
NISN) is a technology-driven, integrated supply chain solutions provider
focused on transforming the corporate finance industry. Leveraging its industry
experience, NISN is dedicated to providing professional supply chain
solutions to Chinese and foreign enterprises and financial institutions.
Through its subsidiaries, NISN provides users with professional
solutions for technology supply chain management, technology asset routing, and
digital transformation of tech and finance institutions, enabling the industry
to strengthen and grow.
At the same time, NISN continues to deepen the field of industry
segmentation through industrial and financial integration, by
cultivating/creating an ecosystem of openness and empowerment. NISN has
built a linked platform that incorporates supply chain,
banking, securities, trust, insurance, funds, state-owned enterprises, among
other businesses. Focusing on industry-finance linkages, NISN aims
to serve the upstream and downstream of the industrial supply chain while also
assisting with supply-side sub-sector reform.
NISN has an
attractive share structure with only 20,555,129 shares currently outstanding.
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On May 3rd NISN announced its audited financial
results for the year ended December 31, 2020.
In 2020 the onset of the COVID-19 pandemic presented challenges to NISN
and pushed the company to adapt and refine its business model to focus on SME
financing and supply chain solutions. Amid the mergers and acquisitions and
dispositions, NISN still delivered strong financial performance in the
second half of 2020, as the business generated $42.2 million in revenue in
the 2020 fiscal year.
Furthermore, NISN launched a new supply
chain solutions financing business, which is likely to further drive overall
business growth. Looking ahead to 2021, NISN remains committed to
providing high-quality supply chain products and services to its clients.
For more information on Nisun International Enterprise Development Group
Co., Ltd (NISN) visit http://.ir.nisun-nasdaq.com/index.html and http://www.fintaike.com
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