Pingtan Marine: Jumps on deal to enter live broadcast e-commerce

Scienjoy Holding

04/02/2021 11:24

** Shares in Chinese fishing co  PME.O  up 7.6% at $1.71
premarket
    ** PME signs agreement with live streaming platform Scienjoy
Holding  SJ.O  and Liyumen for strategic cooperation in live
broadcast e-commerce  urn:newsml:reuters.com:*:nPn4QGckga
    ** The three parties to jointly build a pelagic aquatic live
broadcast brand
    ** Says market predicts the scale of China's live broadcast
e-commerce gross merchandise value will exceed $185 bln in 2021
    ** Live broadcast e-commerce and multi-channel network have
developed rapidly in China, especially after the COVID-19
pandemic - Pingtan Marine
    ** PME stock down 14.5% YTD, as of last close 

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))