FUZHOU, China, Feb. 4, 2021 /PRNewswire/ -- Pingtan Marine
Enterprise Ltd. (NASDAQ: PME) ("Pingtan" or the "Company"), a
fishing company based in the People's
Republic of China, today announced it has signed a
Cooperation Agreement (the "Agreement") with Scienjoy Holding
Corporation ("Scienjoy") (NASDAQ: SJ), and Hangzhou Liyumen
Technology Development Limited ("Liyumen"), for strategic
cooperation in the field of live broadcast e-commerce, and jointly
to build a pelagic aquatic live broadcast brand.
Pursuant to the Agreement, the three parties will jointly
formulate the details of pelagic aquatic live broadcast related
business cooperation, including product standards, price systems
and brand operations along with other aspects.
In recent years, live broadcast e-commerce and multi-channel
network (MCN) have developed rapidly in China. Live broadcast e-commerce has been
further developed especially after the COVID-19 pandemic, and the
business model is well established. The market predicts that the
scale of China's live broadcast
e-commerce gross merchandise value (GMV) will exceed RMB 1.2 trillion (US$185
billion) in 2021.
Scienjoy is a leading supplier in the field of live video
streaming broadcast in China. In
addition to operating its own multiple live streaming platforms,
Scienjoy provides technical infrastructure to enable live broadcast
companies, online users, and viewers to communicate with each
other. Liyumen has rich experience in live broadcast e-commerce
operations and MCN anchor training experience. Through this
strategic cooperation, Scienjoy and Liyumen will assist Pingtan to
start live broadcast marketing of Pingtan's pelagic aquatic
products in Tik Tok, SnackVideo,
Tmall, Taobao, JD, and WeChat Video Account, and in Scienjoy's own
live broadcast platforms and private traffic e-commerce fields; and
to provide market analysis, channels and technical support.
Mr. Xinrong Zhuo, Chairman and
CEO of the Company, commented: "In the last week, we have
signed a strategic cooperation framework agreement with World
Telecom Satellite Technology Limited and Wuhan Incar Technology
Limited to develop the high-speed data communication platform,
PME-Live, for pelagic fishing vessels based on the integration of
satellite and 5G technologies, and to establish and deploy our
supply chain platform, PME-Track, based on blockchain
technology.
We believe that once we complete these technology platforms,
Pingtan will become the first fishery company in China to engage in the live broadcast
e-commerce for pelagic aquatic products, which will be a great
result from the cooperation with Scienjoy and Liyumen, as this
cooperation will greatly strengthen our position in live broadcast
e-commerce.
As a high-quality content for livestreaming, our pelagic aquatic
products will be broadcasted by the experienced MCN company through
advanced communication technology and live broadcast platforms and
will provide viewers and consumers with high degree of visual and
taste satisfaction. We expect the development of the vertical
e-commerce business will bring Pingtan's operating performance to a
higher level, and we are very much looking forward to the
future."
About Scienjoy
Founded in 2011, Scienjoy is a leading mobile live streaming
platform in China, and its core mission is to build a live
streaming service matrix that delivers pleasant experience to
users. With more than 243 million registered users, Scienjoy
currently operates four brands of live streaming platforms,
consisting of: Showself, Lehai, Haixiu, and BeeLive (including
Mifeng, BeeLive Chinese version, and BeeLive International for
international markets). Scienjoy adopts multi-platform operation
strategies and is committed to providing high quality and
value-added services for users with innovative thinking. Based on
the in-depth understanding of and research on the live streaming
industry and user behavior, Scienjoy is devoted to building a
second life world in which the virtual world and the reality are
integrated within the live streaming scenario, to deeply
integrating the industry through diversified live broadcasting
scenarios, and to empowering the industry by building a
content-rich and vibrant Live Streaming Full Ecosystem.
http://www.scienjoy.com/
About Liyumen
Liyumen is an emerging technologies and applications company
engaging in livestreaming E-Commerce and Internet data
services.
About Pingtan
Pingtan is a fishing company engaging in ocean fishing through
its subsidiary, Fujian Provincial Pingtan County Ocean Fishing
Group Co., Ltd., or Pingtan Fishing.
Business Risks and Forward-Looking Statements
This press release contains forward-looking statements that are
subject to the safe harbors created under the Securities Act of
1933 and the Securities Exchange Act of 1934, as amended. Words
such as "estimate," "project," "forecast," "plan," "believe,"
"may," "expect," "anticipate," "intend," "planned," "potential,"
"can," "expectation" and similar expressions, or the negative of
those expressions, may identify forward-looking statements.
Although forward-looking statements reflect the good faith judgment
of our management, such statements can only be based on facts and
factors currently known by us. Consequently, forward-looking
statements are inherently subject to risks and uncertainties and
actual results and outcomes may differ materially from the results
and outcomes discussed in or anticipated by the forward-looking
statements, including general economic and market conditions and
other risk factors contained in Pingtan's SEC filings available
at www.sec.gov, including Pingtan's most recent Annual Report
on Form 10-K and Quarterly Reports on Form 10-Q. Readers are
cautioned not to place undue reliance on any forward-looking
statements, which speak only as of the date on which they are made.
Pingtan undertakes no obligation to update or revise any
forward-looking statements for any reason, except as required by
law.
CONTACT:
LiMing Yung (Michael)
Chief Financial Officer
Pingtan Marine Enterprise Ltd.
Tel: +86 591 87271753
michaelyung@ptmarine.net
Maggie Li
Investor Relations Manager
Pingtan Marine Enterprise Ltd.
Tel: +86 591 8727 1753
mli@ptmarine.net
INVESTOR RELATIONS
PureRock Communications Limited
PTmarine@pure-rock.com
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SOURCE Pingtan Marine Enterprise Ltd.