• AI solutions company Infobird has announced an agreement to provide e-commerce platform upgrades for elderly consumer footwear manufacturing giant Zu Li Jian
• The Beijing-based company delivers intelligent B2B services, and the Zu Li Jian agreement demonstrates the growing integration of online consumers among a population more inclined to use traditional market channels
• Infobird also recently announced an agreement to provide its web-based optimization services to cosmetics retailer SaSa Cosmetics (China) 
• The company has 70 proprietary licensing rights developed under its cloud computing structure and AI technologies, and recently completed its launch on the Nasdaq Capital Market

A month after SaaS innovator Infobird (NASDAQ: IFBD) made its Nasdaq debut, the artificial intelligence  (“AI”) solutions company focused on commerce in China, has begun building new retail agreements that promise to draw more attention to Infobird’s digital customer engagement solutions for improvements to customer service, management, and marketing.

The Beijing, China-based company announced June 10 that its platform will provide Zu Li Jian, a pioneer in the production of footwear for the elderly in China, with cloud-native, autonomous, and controllable source code resources, to create flexible customization and expansion for Zu Li Jian’s own e-shopping platform. Infobird’s upgrade will grant Zu Li Jean’s customer service platform high stability, high concurrency and high expansion capability, according to the announcement, making it responsive to future needs and business peaks (https://ibn.fm/9AE2w). 

The announcement follows on the heels of a similar intelligent B2B collaboration that will deliver enhanced customer service and marketing capabilities to beauty retail services company SaSa Cosmetics (China) Co., Ltd. (https://ibn.fm/6qBWs).

Together, these latest agreements provide validation that Infobird’s SaaS products have successfully entered the retail industry and are gaining recognition from reputable large enterprises. 

Zu Li Jian has more than 2,000 specialty stores nationwide and has successively obtained 245 patents for utility models and appearance designs of elderly footwear. The company has become a world-scale provider of consumer products for the elderly by developing footwear and clothing, daily necessities and technology products. 

Zu Li Jian’s e-commerce portal has achieved full-channel coverage and provides evidence that China’s elderly population — reported at more than 260 million people over the age of 60 — is gradually adopting Internet technology’s consumption and interaction channels into their daily lives. 

Infobird’s solutions also help clients to improve their performance efficiency through analysis of big data, using AI capabilities to better identify and understand their customers, markets and products in order to create a foundation for precision marketing. 

Infobird is undergoing a strategic transformation, making its product evolve from customized SaaS to standardized SaaS. In the process, Infobird’s client base is growing more diversified to cover more industry sectors. The company predicts its revenue will grow more than 50 percent during fiscal 2021 to between $22 million and $25 million. 

Infobird also has significant experience in the finance industry that it expects to leverage as it attempts to grow into other industries. 

For more information, visit the company’s website at www.Infobird.com/en/index.html.

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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