BEIJING, Jan. 13, 2021 /PRNewswire/ -- Xiaobai Maimai Inc.
(NASDAQ: HX), formerly known as Hexindai Inc. ("Xiaobai Maimai",
the "Company", or "we"), a social e-commerce platform in
China, today announced that it
participated in the 2020 China Social e-Commerce Conference held in
Beijing. Organized by the Social
e-Commerce Branch of China Association of Trade in Services
(CATIS), representatives from top social e-commerce platforms, live
streaming e-commerce enterprises, suppliers, industry experts and
government agencies attended the conference and discussed the
value, compliance, best practice, and innovations of social
e-commerce.
During the conference, the draft version of "Social e-Commerce
Enterprise Operational Service Standards" was released by the
Social e-Commerce Branch of CATIS. Ten leading organizations
including industry associations, a law firm and key social
e-commerce companies such as Xiaobai Maimai, Yunji and Fenxiang, a
social e-commerce platform backed by JD.com, jointly drafted the
standards with the aim of promoting the standardized and healthy
development of social e-commerce in China. The finalized standards are expected to
be launched in the first half of 2021.
Xiaobai Maimai also joined the New Form e-Commerce Alliance for
Agricultural Assistance, which was officially established at the
conference and aims to provide poverty relief to farmers in
China using social e-commerce in
response to the government's call on promoting economic development
in rural areas.
Mr. Xiaobo An, founder, Chairman
and Chief Executive Officer of Xiaobai Maimai, commented, "We fully
embrace and support the government's initiatives to promote and
regulate the development of social e-commerce. We are pleased to
see that social e-commerce has made great strides and progress in
revitalizing and boosting the domestic economy, especially during
the COVID-19 epidemic. This new form of e-commerce continues to
expand opportunities and increase employment. All the positive
engagement of social e-commerce has gained extensive recognition
from consumers, merchants from various industries, and the
government. Going forward, we will continue to actively join forces
with industry leaders to promote the sustainable development of
social e-commerce. At the same time, we will further strengthen our
technology capabilities, expand cooperation with other online
platforms and service marketplaces, and explore new opportunities
in the social e-commerce sector to create value for our
shareholders."
About Xiaobai Maimai Inc.
Xiaobai Maimai Inc. (NASDAQ: HX), formerly known as Hexindai
Inc., ("Xiaobai Maimai" or the "Company"), is a social e-commerce
platform based in Beijing, China.
The Company collaborates with domestic e-commerce platforms and
offers users a wide selection of high-quality and affordable
products on its social e-commerce platform. Leveraging its
cooperation with mainstream e-commerce platforms and online service
marketplaces, the Company continues to generate fast growth for the
business by identifying and introducing cost-efficient products
through its data analytics algorithm and operating system, and
attracts users to its platform with excellent customer service.
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements are made under the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These statements can be identified by terminology such
as "will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "potential," "continue," "ongoing,"
"targets," "guidance" and similar statements. The Company may also
make written or oral forward-looking statements in its periodic
reports to the U.S. Securities and Exchange Commission (the "SEC"),
in its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Any statements that are
not historical facts, including statements about the Company's
beliefs and expectations, are forward-looking statements that
involve factors, risks and uncertainties that could cause actual
results to differ materially from those in the forward-looking
statements. Such factors and risks include, but not limited to the
following: the Company's goals, strategies and expansion plans; its
future business development, financial condition and results of
operations; its ability to attract and retain new users and to
increase revenues generated from repeat users; its expectations
regarding demand for and market acceptance of its products and
services; its relationships and cooperation with e-commerce
platforms and services marketplaces; trends and competition in
China's e-commerce market; the
expected growth of the Chinese e-commerce market; Chinese
governmental policies relating to the Company's corporate structure
and the e-commerce industry; and general economic conditions in
China. Further information
regarding these and other risks, uncertainties or factors is
included in the Company's filings with the SEC. All information
provided in this announcement is current as of the date of this
announcement, and the Company does not undertake any obligation to
update such information, except as required under applicable
law.
For more information, please visit
ir.xiaobaimaimai.com
For investor inquiries, please contact:
The Company
Investor Relations
Ms. Zenabo Ma
Email: ir@xiaobaimaimai.com
Christensen
In China
Mr. Eric Yuan
Phone: +86-10- 5900-1548
E-mail: Eyuan@christensenir.com
In US
Mr. Tip Fleming
Phone: +1-917-412-3333
Email: tfleming@Christensenir.com
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SOURCE Xiaobai Maimai Inc.