Nisun International Announces Strategic Cooperation with Shanghai Bailian Group

Nisun International Announces Strategic Cooperation with Shanghai Bailian Group

Nisun International Enterprise Development Group Co., Ltd (“Nisun” or the “Company”) (Nasdaq: NISN), a provider of innovative comprehensive solutions through an integration of technology, industry, and finance, today announced that it has entered into a strategic cooperation agreement with Shanghai Bailian Group (“Shanghai Bailian”) on the procurement of information appliances such as computer, communication and consumer electronics (“3C Products”).  Under this agreement, both parties will share resources and create an effective bridge between supply and demand to establish a new supply chain model and further develop new communicative channels in China’s retail industry.

In recent years, the market for 3C Products in China has boomed, driven by favorable government policies, innovative technologies, and increased market demands. Under this cooperation, Nisun and Shanghai Bailian will join together to promote the ongoing expansion and transformation of the 3C Products market in China.

The cooperation with Shanghai Bailian helps Nisun further its strategy to deepen its presence in the market segment. This partnership will also enhance the Company’s development advantages in five core industries such as agriculture, e-commerce, gold, coal, chemical industry, connect more innovative resources, and facilitate value sharing. Nisun will continue to strengthen its capital power to establish its presence in the industry, expand the upstream and downstream supply chains, and form an industrial cluster economy, in effort to promote the development of supply chain standardization, digitalization, and globalization.

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