During the corresponding time, Ezagoo Limited saw a revenue deteriorated by -32.76 % year on year, sequentially revenue grew by 31.31 %. While revenue at the Ezagoo Limited's corporate clients
Ezagoo Limited's Comment on Sales, Marketing and Customers
The Company operated the Xindian platform within the Chinese digital advertising network through the mobile app "Xindian," launched in October 2020. The platform combined blockchain technology, merchants, and user needs in a social short video format, focusing on medical beauty and anti-aging segments. The Company intended to expand its brand to attract more users and customers but encountered challenges such as local government control of bus advertising and competition from platforms including Tiktok and RED. As a result of these challenges and the impact of COVID-19, the Company discontinued the Xindian app in April 2023. The Company is active in the Chinese nutrition and health food market, which is driven by an aging population and increased health awareness following COVID-19. Market trends indicate a shift toward younger consumers, daily maintenance, and diversified demand for health foods such as cereals, dried fruits, and products aimed at immune regulation and health improvement. Customers and markets referenced in filings include Beijing Dama Technology Ltd., China Insights Consultancy, Doctor Dingxiang, RED, and Tiktok.
Ezagoo Limited’s Comment on Sales, Marketing and Customers
The Company operated the Xindian platform within the Chinese digital advertising network through the mobile app "Xindian," launched in October 2020. The platform combined blockchain technology, merchants, and user needs in a social short video format, focusing on medical beauty and anti-aging segments. The Company intended to expand its brand to attract more users and customers but encountered challenges such as local government control of bus advertising and competition from platforms including Tiktok and RED. As a result of these challenges and the impact of COVID-19, the Company discontinued the Xindian app in April 2023. The Company is active in the Chinese nutrition and health food market, which is driven by an aging population and increased health awareness following COVID-19. Market trends indicate a shift toward younger consumers, daily maintenance, and diversified demand for health foods such as cereals, dried fruits, and products aimed at immune regulation and health improvement. Customers and markets referenced in filings include Beijing Dama Technology Ltd., China Insights Consultancy, Doctor Dingxiang, RED, and Tiktok.
Sources:
Ezagoo Limited’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Ezagoo Limited’s corporate clients.
For your research, we’ve provided 9 tables on Ezagoo Limited corporate clients.
You can find them in the navigation menu under Customers & Markets.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
