Link Motion Announces Business Cooperation with Alibaba Group's Online Travel Agency Fliggy
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."
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.
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