Infobird (NASDAQ: IFBD), a software-as-a-service (“SaaS”) provider of AI-powered customer engagement solutions in China, is relocating its operations from Beijing to the Hong Kong Special Administrative Region. The company’s board of directors made the decision to move based on the “current business situation and economic environment, as well as the company’s commitment to expand globally.” In addition to relocating to Hong Kong, the company anticipates recruiting more local employees in the region. According to the announcement, the company plans to continue its focus on becoming a global player in the SaaS space and catering to the diverse needs of customers worldwide by establishing offices in other key locations, including Singapore, other parts of southeast Asia and Europe. The announcement also noted the company’s intention to focus on SaaS-segmented “high-margin market segments,” specifically the finance, real estate and hotel-management sectors, to enhance its competitive advantage and generate positive cash flow. “Our relocation to Hong Kong marks a significant milestone for Infobird as we embark on an exciting journey towards global expansion,” said Infobird CEO Cheuk Yee Li in the press release. “We are confident that this strategic move will enable us to better serve our international clientele and pave the way for innovations.”
To view the full press release, visit https://ibn.fm/uCkoo
About Infobird Software Co. Ltd.
Infobird, headquartered in Hong Kong, is a software-as-a-service (“SaaS”) provider of artificial intelligence (“AI”)-powered customer-engagement solutions. For more information about the company, visit www.Infobird.com.
NOTE TO INVESTORS: The latest news and updates relating to IFBD are available in the company’s newsroom at https://ibn.fm/IFBD
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