Service to launch this month on Fliggy's
"Smart Scenic-Spot" Project in Hangzhou
BEIJING, Aug. 20, 2018 /PRNewswire/ -- Link Motion Inc.,
(NYSE: LKM), a leading smart car and smart ride company, today
announced that it has reached a new business cooperation agreement
with Fliggy, the travel agency subsidiary of e-commerce
conglomerate Alibaba Group (NYSE: BABA).
Pursuant to the terms of the agreement, Link Motion will serve
as the first supplier to Fliggy's "smart scenic spot" project in
Hangzhou, which aims to drive
traffic to popular tourist locations while integrating offline
activities such as eating, traveling and entertainment into smart
internet-connected screens, such as those inside Link Motion's
smart ride vehicles. The Company previously obtained the necessary
online certification and registration to commercialize its Smart
Ride business.
Fliggy has agreed to promote and drive its users who purchase
tickets to Hangzhou to Link
Motion's smart ride service from its mobile application. As
part of the "smart scenic spot" project, Link Motion will initially
provide its smart ride service to the three most popular
attractions in Hangzhou,
Songcheng, Huanglong, and Xixi National Wetland Park, which
collectively attract more than 60% of all visitors to the city.
Link Motion will leverage its technology-enabled ridesharing
service to interface riders from Fliggy's large established
userbase with popular local restaurants, shopping and other
entertainment options in the vicinity of the initial three "smart
scenic spots".
"We are pleased to partner with a company as innovative and
forward-looking as Fliggy," said Tang Duo, Executive Vice President
and Head of Link Motion's Smart Ride Business. "Fliggy's large,
established user base expects a high-quality, seamless travel
experience, making Fliggy an ideal partner for our revolutionary
smart ride service. I look forward to continued business
cooperation with Fliggy, AutoNavi and other Alibaba Group companies
as we continue to roll out our Smart Ride services."
About Fliggy
Fliggy, as Alibaba Group's travel brand, provides travel service
including but not limited to booking for flight tickets, hotels,
inns, tour tickets, visas, destination guide, as well as travel
packages for youth and younger generation of consumers. Fliggy is
dedicated to satisfy consumers outbound travel needs, enables them
to have more comfortable, imaginable, and hassle-free travel
experiences. Through continuous innovation of online technology,
Fliggy empowers business owners to coordinate their businesses,
promotes transformation and upgrading of the industry. With
combined advantages of Alibaba's ecological benefit and Internet
technology genes, representing the new force of tourism upgrading,
Fliggy already became China's top
brand of online travel platform.
About Link Motion Inc.
Link Motion Inc. ("Link Motion" or the "Company", NYSE: LKM) is
a leading smart car and smart ride company. Link Motion's portfolio
of offerings includes enabling technology solutions and secure
connected carputers for the ecosystem of car businesses, consumer
ride sharing services, as well as legacy mobile security,
productivity and other related applications. For more information
on Link Motion, please visit www.lkmotion.com or the company's U.S.
investor relations site here.
Forward Looking Statements
This news release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar
statements. All statements other than statements of historical fact
in this press release are forward-looking statements and involve
certain risks and uncertainties that could cause actual results to
differ materially from those in the forward-looking statements.
These forward-looking statements are based on management's current
expectations, assumptions, estimates and projections about the
Company and the industry in which the Company operates, but involve
a number of unknown risks and uncertainties. Further information
regarding these and other risks is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or changes in its expectations, except as may be required by law.
Although the Company believes that the expectations expressed in
these forward-looking statements are reasonable, it cannot assure
you that such expectations will turn out to be correct, and actual
results may differ materially from the anticipated results. You are
urged to consider these factors carefully in evaluating the
forward-looking statements contained herein and are cautioned not
to place undue reliance on such forward-looking statements, which
are qualified in their entirety by these cautionary statements.
Media & Investor Relations
MZ North America
Chris Tyson
Managing Director
949-491-8235
LKM@mzgroup.us
www.mzgroup.us
Luke Zimmerman
Senior Associate
949-259-4987
LKM@mzgroup.us
www.mzgroup.us
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SOURCE Link Motion Inc.