NASDAQ Company Announces Another Collaboration: NISN and JD.com will Jointly Develop Supply Chain Services for E-Commerce Business: Nisun Intl. (NASDAQ: NISN)
(NASDAQ:NISN) a provider of innovative comprehensive solutions through an integration of technology, industry, and finance, today announced that Fanlunke Supply Chain Management (Shanghai) Co., Ltd, a controlled affiliate of the Company, has signed a partnership agreement with Beijing Jingdong Century Information Technology Co., Ltd (“JD”), a subsidiary of JD.com, China’s leading technology driven e-commerce company transforming to become a leading supply chain based technology and service provider. Under this agreement, the two groups will enter a joint cooperation to develop supply chain services targeting the e-commerce industry.
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.
– Linked Platform for Supply Chain, Banking, Securities, Trust, Insurance, Funds, State-Owned Enterprises and Other Businesses.
– Strong Financial Results in 2020 Generating $42.2 Million Revenue.
– Launched New Supply Chain Solutions Financing Business to Further Drive Overall Business Growth.
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.
– NISN Reports Fiscal Year 2020 Financial Results
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 (NASDAQ:NISN) visit http://ir.nisun-nasdaq.com/index.html and http://www.fintaike.com.
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