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| - BSMO Co., Ltd. (Headquarters: Minato-ku, Tokyo, Representative Director: Tadashi Shimizu, hereinafter "BSMO") has announced today that BSMO has entered into a business alliance agreement with SBI Africa Co., Ltd. (Headquarters: Minato-ku, Tokyo, Representative Director: Tomoya Kitagawa, hereinafter "SBI Africa"). 1. Background As a pioneer in the field of SNS marketing, BSMO, through the best use of D2C x SNS marketing expertise and technology, provides one-stop growth hacking services for D2C e-commerce companies and helps deliver high-quality Japanese products and services to the world. The population of Africa, where many emerging countries are located, is expected to double from 1.06 billion in 2019 to 2.11 billion people in 2050, according to the latest United Nations projections. With the rapid population growth and economic growth in the African countries, the automobile usage rate is increasing every year which is driving a strong demand for reliable and affordable used cars from Japan. By forming a business alliance with SBI Africa, which exports Japanese used cars to emerging countries, BSMO will introduce its D2C x SNS marketing expertise and technology to the SBI Group in order to strengthen the D2C exports in Africa, and thus improve the profitability and corporate values of both parties. 2. Details of the Business Alliance (1) Improving the quality of SBI Africa's products and services by providing marketing research, advertising strategies, measurement strategies, design strategies, AI analytics, operations services and customer support services. (2) Improving the profitability and brand value of both parties in the African region through joint sales of BSMO affiliated products and services on SBI Africa's cross-border e-commerce website. (3) Jointly providing system development and marketing strategy services for Japanese companies operating in Africa. (4) Improving the profitability of BSMO and the marketing capabilities of SBI Group, through BSMO's introduction of its marketing expertise and technology to SBI Group, etc. [Company Overview] -0- *T Name BSMO Co., Ltd. Location 1-17-1 Toranomon, Minato-ku, Tokyo Toranomon Hills Business Tower 14th floor Representative Tadashi Shimizu Business Description D2C marketing business, global growth hack business using SNS, branding business, media business, system development business, artificial intelligence (AI) development business, etc. *T -0- *T Name SBI Africa Co., Ltd. Location 1-6-1 Roppongi, Minato-ku, Tokyo Izumi Garden Tower 15F Representative Tomoya Kitagawa Business Description Overseas export business of domestic used cars, financial service provision business in partnership with overseas financial institutions, venture capital investment targeting the African region, etc. *T View source version on businesswire.com: Contact For inquiries regarding this press release: BSMO Co., Ltd. +81-3-6459-5712 Ai Sena, Junko Nakahara SBI Africa Co., Ltd. +81-3-6229-0086 © 2021 Business Wire, Inc. Disclaimer: This material is not an AFP editorial material, and AFP shall not bear responsibility for the accuracy of its content. In case you have any questions about the content, kindly refer to the contact person/entity mentioned in the text of the release.
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