$凌动智行(LKM)$ Link Motion Announces Business Cooperation with Alibaba Group's Online Travel Agency Fliggy Service to launch this month on Fliggy's "Smart Scenic-Spot" Project in Hangzhou
BEIJING, Aug. 20, 2018 -- Link Motion Inc., (NYSE:LKM), a leading smart car and smart ride company, today announced that it has reached a new business cooperation agreement with Fliggy, the travel agency subsidiary of e-commerce conglomerate Alibaba Group (NYSE:BABA). Pursuant to the terms of the agreement, Link Motion will serve as the first supplier to Fliggy's "smart scenic spot" project in Hangzhou, which aims to drive traffic to popular tourist locations while integrating offline activities such as eating, traveling and entertainment into smart internet-connected screens, such as those inside Link Motion's smart ride vehicles. The Company previously obtained the necessary online certification and registration to commercialize its Smart Ride business. Fliggy has agreed to promote and drive its users who purchase tickets to Hangzhou to Link Motion's smart ride service from its mobile application. As part of the "smart scenic spot" project, Link Motion will initially provide its smart ride service to the three most popular attractions in Hangzhou, Songcheng, Huanglong, and xi National Wetland Park, which collectively attract more than 60% of all visitors to the city. Link Motion will leverage its technology-enabled ridesharing service to interface riders from Fliggy's large established userbase with popular local restaurants, shopping and other entertainment options in the vicinity of the initial three "smart scenic spots". "We are pleased to partner with a company as innovative and forward-looking as Fliggy," said Tang Duo, Executive Vice President and Head of Link Motion's Smart Ride Business. "Fliggy's large, established user base expects a high-quality, seamless travel experience, making Fliggy an ideal partner for our revolutionary smart ride service. I look forward to continued business cooperation with Fliggy, AutoNavi and other Alibaba Group companies as we continue to roll out our Smart Ride services." About Fliggy Fliggy, as Alibaba Group's travel brand, provides travel service including but not limited to booking for flight tickets, hotels, inns, tour tickets, visas, destination guide, as well as travel packages for youth and younger generation of consumers. Fliggy is dedicated to satisfy consumers outbound travel needs, enables them to have more comfortable, imaginable, and hassle-free travel experiences. Through continuous innovation of online technology, Fliggy empowers business owners to coordinate their businesses, promotes transformation and upgrading of the industry. With combined advantages of Alibaba's ecological benefit and Internet technology genes, representing the new force of tourism upgrading, Fliggy already became China's top brand of online travel platform.