BEIJING, March 11, 2021 /PRNewswire/ -- The "Social
e-Commerce Enterprise Operational Service Standards" (the
"Standards") was officially released by the Social e-Commerce
Branch of China Association of Trade in Services (CATIS) in
February 2021. Xiaobai Maimai Inc.
(NASDAQ: HX), formerly known as Hexindai Inc. ("Xiaobai Maimai" or
the "Company"), a social e-commerce platform
in China, was one of the ten leading organizations that
participated in the drafting of the Standards. The Standards
defines the principle and business structure of social e-commerce
services in China and outlines the
fundamental requirements across the whole process of social
e-commerce, from pre-transaction to after-sales customer services.
Xiaobai Maimai's executives contributed their industry insights and
efforts to formulate the Standards which aims to promote the
healthy development of social e-commerce in China.
Going forward, in addition to fully complying with the
regulations and industrial standards, Xiaobai Maimai will continue
to expand cooperation with market participants in the social
e-commerce industry to jointly promote the sustainable development
of the industry and boost the tremendous opportunities of the
domestic economy.
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.