BEIJING, Sept. 28,
2023 /PRNewswire/ -- Scienjoy Holding Corporation
("Scienjoy," or the "Company") (NASDAQ: SJ), a leading provider of
live streaming and entertainment platforms in the Chinese market,
today unveiled key advancements in its metaverse undertakings:
1. Establishment of Scienjoy Verse Tech Ltd in
DIFC
In tandem with the visionary metaverse strategy of the
government of Dubai,
Scienjoy proudly establishes "Scienjoy Verse Tech Ltd" ("SVTL") at
the Dubai
International Financial Centre (DIFC). As the major shareholder,
Scienjoy intends for SVTL to become the epicenter of the global
metaverse business, uniting the essence of SJ Verse with the
opulence of Dubai's
premium culture and world-class lifestyle. Emphasizing its initial
endeavors on the Middle East and
North Africa region, SVTL is
strategically positioned to provide a non-stop elegant metaverse
lifestyle platform for people globally, subsequently taking the
metaverse allure to the worldwide stage.
2. Induction of Dr. Khalifa Al
Shimmari
With the vision of integrating global ambitions with regional
expertise, Scienjoy is thrilled to welcome Dr. Khalifa Al Shimmari as the Chief Strategy
Officer (CSO) of SVTL. We believe that Dr. Khalifa's impressive
track record in business strategy, leadership roles, and innovative
projects in the UAE will be pivotal for Scienjoy's
Dubai-centric
metaverse aspirations. His significant local understanding and
influence will be instrumental in navigating Scienjoy to a
preeminent position in the Dubai metaverse ecosystem and
facilitating local support.
3. MOU with NUJOOM ALMASHREQ MEDIA L.L.C ("NUJOOM")
In pursuit of pioneering content, Scienjoy is pleased to
announce the signing of a Memorandum of Understanding (the "MOU")
to acquire 90% shares in NUJOOM, a Dubai-based multi-channel network (MCN)
committed to discovering, nurturing, and propelling emerging
content creators into the spotlight. NUJOOM is slated for a
seamless integration with BeeLive, and its prowess will be
harnessed in SJ Verse's content evolution, laying the groundwork
for the creation of next-generation metaverse lifestyle content
that we believe will resonate worldwide.
Mr. Victor He, Chairman and Chief
Executive Officer of Scienjoy, reflected, "From our strategic
investment in DVCC TECHNOLOGY L.L.C to the establishment of SVTL in
the heart of Dubai,
our journey signifies a deep commitment to intertwining global
vision with regional nuances. By onboarding Mr. Khalifa, a
treasured local talent, and signing the MOU with NUJOOM, a vibrant
local entity, we're affirmatively placing our roots in the
Dubai metaverse
ecosystem. We're dedicated to crafting an immersive realm where
innovation meets luxury, and I'm profoundly optimistic about the
unique and transformative experiences we're poised to offer our
users."
About NUJOOM ALMASHREQ MEDIA L.L.C
Established in Dubai, NUJOOM stands as a
distinguished MCN committed to discovering, nurturing, and
propelling emerging content creators into the spotlight. With a
primary focus on the vibrant TikTok platform, NUJOOM seamlessly
intertwines content creation with audience engagement, redefining
the digital influencer landscape.
About Scienjoy Holding Corporation
Scienjoy Holdings Corporation (NASDAQ: SJ) is a pioneering
Nasdaq-listed interactive entertainment leader. Driven by the
vision of shaping a metaverse lifestyle, Scienjoy leverages
AI-powered technology to create immersive experiences that resonate
with global audiences, fostering meaningful connections and
redefining entertainment. For more information, please
visit http://ir.scienjoy.com/.
Forward Looking Statements
This press release may contain 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. Such forward-looking statements are characterized by
future or conditional verbs such as "may," "will," "expect,"
"intend," "anticipate," "believe," "estimate" and "continue" or
similar words. You should read statements that contain these words
carefully because they discuss future expectations and plans, which
contain projections of future results of operations or financial
condition or state other forward-looking information.
Forward-looking statements are predictions, projections and
other statements about future events that are based on current
expectations and assumptions and, as a result, are subject to risks
and uncertainties. Many factors could cause actual future events to
differ materially from the forward-looking statements in this press
release, including but not limited to the risk factors contained in
the Company's filings with the Securities and Exchange Commission,
which are available for review at www.sec.gov. Forward-looking
statements speak only as of the date they are made. New risks and
uncertainties arise over time, and it is not possible for the
Company to predict those events or how they may affect the Company.
If a change to the events and circumstances reflected in the
Company's forward-looking statements occurs, the Company's
business, financial condition and operating results may vary
materially from those expressed in the Company's forward-looking
statements.
Readers are cautioned not to put undue reliance on
forward-looking statements, and the Company assumes no obligation
and does not intend to update or revise these forward-looking
statements, whether as a result of new information, future events
or otherwise.
Investor Relations Contacts
Denny Tang
Chief Financial Officer
Scienjoy Holding Corporation
+86-10-64428188
ir@scienjoy.com
Tina Xiao
Ascent Investor Relations
+1-646-932-7242
investors@ascent-ir.com
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SOURCE Scienjoy Holding Corporation