Jingwei International (JNGW) Inks Strategic Business Partnership with Zhejiang China Unicom

QualityStocks would like to highlight Jingwei International Limited (NASDAQ: JNGW), a leading provider of data mining, interactive marketing, and software services in China. By leveraging its proprietary database of over 400 million consumer profiles, Jingwei helps companies to more effectively reach their target audiences.

In the company’s news yesterday,

Jingwei International announced it has signed a strategic business partnering agreement with Zhejiang China Unicom to implement Jingwei’s data mining, interactive marketing and software service expertise to design, develop and operate Zhejiang China Unicom’s mobile and mobile value-added services (MVAS) Society Channel and marketing support system.

“We are delighted to be the partner of choice on this strategic initiative for Zhejiang China Unicom to capitalize on the robust growth of mobile and MVAS applications to efficiently and profitably grow their business,” George Du, president and chairman of Jingwei stated in the press release.

The three-year agreement, renewable by mutual consent, calls for Jingwei to design, build and operate the mobile and MVAS Society Channel and marketing support platform for Zhejiang China Unicom’s more than 80,000 society channel depots in the Zhejiang province.

“Today’s announcement signals another significant milestone in the development of Jingwei as this agreement is expected to translate to attractive recurring revenue to strengthen our business.” Rick Luk, CEO of Jingwei stated. “More importantly, this not only serves as another testimonial for our technology and market leadership, following a similar system we deployed for Guangdong China Unicom last year, it further reinforces our established, long term relationships with a premier telecommunications carrier in China.”

The arrangement is designed on a “revenue sharing” basis, in which upon the deployment of this platform and participation in its daily operation, Jingwei will enjoy a share of the revenues derived from sales and service contracts generated from the channel depots supported by the system.

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