Listed on AIM since 2014, the Group principally engages in providing technology to partners to facilitate fulfilment of payments online and on mobile apps through partnerships or affiliate agreements and, developing digital content, both online and mobile. BNN Technology works with its strategic partner Xinhuatong to facilitate mobile payments and other key services on the Xinhua News mobile app in 12 provinces in China. The Chinese consumer shift to ‘life on mobile’ is only just beginning and BNN’s technology platform enables urban and rural communities across China to access exclusive content and pay for more services online.
The Group employs over 300 professionals throughout China and is expected to grow over the next six months.
Through its primary partnership with Xinhuatong, BNN is working with one of China’s largest apps, the state media organisation’s Xinhua News mobile app, which is aiming to have 300 million smartphone users by the end of 2017. It represents a significant opportunity for the Group’s technology platform to be a central part of, one of the world’s leading mobile apps.
Our overarching mission is to enrich the lives of Chinese consumers, by utilising our technology to enable our partners to deliver first class value added services, content and new and evolving opportunities.
Alongside our partners we are committed to the betterment of Chinese citizens by delivering practical services, information and social participation programmes. We are at the centre of the Chinese consumer’s shift to a cashless society accelerated by mobile adoption. At our core, we are a technology company that processes high volumes of transactions and delivers content. We have diversified our platform to process transactions and deliver content for partners ranging from public utility providers to banks, and online portals.
The Board’s strategy of diversification is focused on the versatility of its secure and robust technology platform and rapidly growing databases. New strategic joint ventures and the extension of existing alliances with blue chip organisations are taking BNN Technology into many sectors in which it can develop significant and reliable income streams.
The potential for our technology to support payments and other consumer transactions in China, as well as delivering content and managing data, online and through mobile on a very large scale, is huge. The Chinese government, through its Internet Plus strategy, is supporting a seismic shift towards a digital economy, enabling businesses, government departments and individuals to connect with each other. The expansion of fast broadband, 4G mobile networks and smartphone ownership in rural areas, combined with an ongoing programme of urbanisation, is creating and sustaining a very substantial addressable market for BNN Technology.
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