Dubai, the beacon of cutting-edge technology in the Middle East, is now witnessing a groundbreaking metamorphosis in the form of Scienjoy’s visionary initiatives. Scienjoy, a trailblazing Nasdaq-listed interactive entertainment leader, has recently made significant strides in bolstering the metaverse landscape in Dubai, cementing its position as a global metaverse powerhouse.
Establishment of Scienjoy Verse Tech Ltd in DIFC
In alignment with Dubai’s forward-thinking metaverse strategy, Scienjoy proudly announces the establishment of “Scienjoy Verse Tech Ltd” (“SVTL”) at the prestigious Dubai International Financial Centre (DIFC). Scienjoy, serving as the major shareholder, envisions SVTL as the nucleus of the global metaverse business, blending the essence of SJ Verse with Dubai’s opulent culture and world-class lifestyle. With a primary focus on the Middle East and North Africa region, SVTL is strategically positioned to provide an uninterrupted, sophisticated metaverse lifestyle platform for global users, subsequently propelling the allure of the metaverse onto the global stage.
Welcoming Dr. Khalifa Al Shimmari
In a strategic move to amalgamate global aspirations with regional expertise, Scienjoy is thrilled to announce the appointment of Dr. Khalifa Al Shimmari as the Chief Strategy Officer (CSO) of SVTL. Dr. Khalifa’s remarkable track record in business strategy, leadership, and innovative projects in the UAE makes him an invaluable asset. His profound understanding of the local landscape and influential network will play a pivotal role in steering Scienjoy to a paramount position in Dubai’s burgeoning metaverse ecosystem while fostering essential local support.
Strategic Partnership with NUJOOM ALMASHREQ MEDIA L.L.C (“NUJOOM”)
Scienjoy’s quest for pioneering content has led to a strategic partnership with NUJOOM, a prominent Dubai-based multi-channel network (MCN) dedicated to discovering and nurturing emerging content creators. Through a Memorandum of Understanding (MOU), Scienjoy is set to acquire 90% shares in NUJOOM. This integration will seamlessly merge with BeeLive, enhancing SJ Verse’s content evolution and laying the foundation for next-generation metaverse lifestyle content. Scienjoy anticipates this innovative content creation will resonate with audiences worldwide, reshaping the digital influencer landscape.
Victor He, Chairman, and Chief Executive Officer of Scienjoy, expressed his enthusiasm, stating, “Our journey signifies a profound commitment to intertwining global vision with regional nuances. With SVTL and the strategic collaborations with Dr. Khalifa and NUJOOM, we are firmly rooted in the Dubai metaverse ecosystem. We are dedicated to crafting an immersive realm where innovation meets luxury, offering transformative experiences to our users.”
About NUJOOM ALMASHREQ MEDIA L.L.C
NUJOOM ALMASHREQ MEDIA L.L.C stands as a distinguished MCN in Dubai, devoted to discovering and propelling emerging content creators into the spotlight. Their primary focus on platforms like TikTok redefines the digital influencer landscape.
About Scienjoy Holding Corporation
Scienjoy Holdings Corporation (NASDAQ: SJ) is a pioneering Nasdaq-listed interactive entertainment leader. Driven by the vision of shaping a metaverse lifestyle, Scienjoy utilizes AI-powered technology to create immersive experiences, fostering meaningful connections, and redefining entertainment.
Forward-Looking Statements Disclaimer:
This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. These statements involve future expectations, plans, and projections based on current assumptions and are subject to risks and uncertainties. Actual results may vary due to factors outlined in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update or revise these forward-looking statements, reflecting events or circumstances occurring after the date of this release. Readers are urged to exercise caution when relying on forward-looking statements, as actual outcomes may differ materially from expectations.
Investor Relations Contacts
Denny Tang
Chief Financial Officer
Scienjoy Holding Corporation
+86-10-64428188
[email protected]
Tina Xiao
Ascent Investor Relations
+1-646-932-7242
[email protected]
