Moxian, Inc. (NASDAQ: MOXC) is positioning itself as a leader in China’s O2O services market as the sector enjoys a 20% surge in year-over-year growth. iResearch Consulting Group, in its ‘2015 China Online-to-Offline (O2O) Services Model Research Report’ published in January 2016 (www.iresearchchina.com), stated that the Chinese O2O market was on course to grow from $53.78 billion in 2015, to $68.71 billion in 2016. The report also forecast growth of 20% year-over-year through 2018 to more than $90 billion (http://nnw.fm/Jyj1C).
The reason for the quick growth is a high level of usage of the online services sector. Tencent Penguin Intelligence’s ‘2015-2016 Report on the Year’s Internet Trends in China’ noted that online-to-offline services were purchased by more than three-quarters of Chinese internet users between 20-40 years of age. Women were responsible for more than half of…
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