Dubai, a city known for its innovation in technology, is now experiencing a revolutionary transformation thanks to Scienjoy’s visionary initiatives. Scienjoy, an interactive entertainment leader listed on Nasdaq, has made significant progress in bolstering the metaverse landscape in Dubai, solidifying its position as a global metaverse powerhouse.
To align 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). With Scienjoy serving as the major shareholder, SVTL aims to become the epicenter of the global metaverse business, combining the essence of SJ Verse with Dubai’s opulent culture and world-class lifestyle. SVTL focuses on the Middle East and North Africa region, strategically positioned to offer a sophisticated and uninterrupted metaverse lifestyle platform for global users, ultimately promoting the allure of the metaverse on a global stage.
Scienjoy has taken a significant step towards amalgamating global aspirations with regional expertise by appointing Dr. Khalifa Al Shimmari as the Chief Strategy Officer (CSO) of SVTL. Dr. Khalifa brings a remarkable track record in business strategy, leadership, and innovative projects in the UAE, making him an invaluable asset. His deep understanding of the local landscape and influential network will play a pivotal role in propelling Scienjoy to a paramount position in Dubai’s burgeoning metaverse ecosystem while fostering essential local support.
In its pursuit of pioneering content, Scienjoy has formed a strategic partnership with NUJOOM ALMASHREQ MEDIA L.L.C (“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% of NUJOOM’s shares. This integration will seamlessly merge with BeeLive, enhancing SJ Verse’s content evolution and laying the groundwork for next-generation metaverse lifestyle content. Scienjoy anticipates that this innovative content creation will resonate with audiences worldwide, reshaping the digital influencer landscape.
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Victor He, Chairman and Chief Executive Officer of Scienjoy, expressed his enthusiasm, stating that their journey represents a profound commitment to combining global vision with regional nuances. With SVTL and strategic collaborations with Dr. Khalifa and NUJOOM, Scienjoy is firmly rooted in the Dubai metaverse ecosystem. The company is dedicated to crafting an immersive realm where innovation meets luxury, offering transformative experiences to its users.
NUJOOM ALMASHREQ MEDIA L.L.C is a distinguished MCN in Dubai, committed to discovering and propelling emerging content creators into the spotlight, with a primary focus on platforms like TikTok. Their efforts redefine the digital influencer landscape.
Scienjoy Holdings Corporation, listed on Nasdaq under the ticker symbol SJ, is a pioneering interactive entertainment leader. Guided by the vision of shaping a metaverse lifestyle, Scienjoy utilizes AI-powered technology to create immersive experiences, foster meaningful connections, and redefine entertainment.
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.
For Investor Relations:
For any inquiries regarding investor relations, please contact Denny Tang, the Chief Financial Officer of Scienjoy Holding Corporation, at +86-10-64428188 or [email protected] Alternatively, you can reach out to Tina Xiao at Ascent Investor Relations at +1-646-932-7242 or [email protected]
