Sharing Economy International Inc (OTCMKTS: SEII) through its affiliated companies, designs, manufactures and distributes a line of proprietary high and low temperature dyeing and finishing machinery to the textile industry. The Company’s latest business initiatives are focused on targeting the technology and global sharing economy markets, by developing online platforms and rental business partnerships that will drive the global development of sharing through economical rental business models. Moreover, the Company will actively pursue blockchain technology in its existing and to-be-acquired business, enabling the general public to realize the beauty of resource sharing. 

Sharing economy business models are hosted through digital platforms that enable more precise, real-time measurement of spare capacity and have the ability to dynamically connect that capacity with those who need it. These digital platforms handle transactions that offer access over ownership through renting, lending, subscribing, reselling, swapping or donating. Consumers who use sharing economy business models are often more comfortable with transactions that involve deeper social interactions than traditional methods of exchange. 

With the market situation of the global sharing economy markets, SEII continued to pursue what IT believes are high growth opportunities for the Company, particularly its new business divisions focused on the development of sharing economy platforms and related rental businesses within the company. These initiatives are still in an early stage and are dependent in large part on availability of capital to fund their future growth.  

SEII made 2 major runs in early 2021 the first to $0.20 and the 2nd several weeks later to over $0.15 per share. The big upwards spikes came after SEII reported that Hanking Fund would invest approximately $30 million into the Company which will be used to focus on the metaverse ecology that SEII is actively promoting, especially for building the underlying architecture of naked eye 3D related technology and the business expansion of the metaverse technology application platform.  SEII subsidiaries:

• Vantage Ultimate Limited (“Vantage”)
• Sharing Economy Investment Limited (“Sharing Economy”)
• EC Advertising Limited (“EC Advertising”)
• EC Rental Limited (“EC Rental”)
• EC Assets Management Limited (“EC Assets”)
• Cleantech Solutions Limited (formerly known as EC (Fly Car) Limited)
• Global Bike Share (Mobile App) Limited
• EC Power (Global) Technology Limited (“EC Power”)
• ECPower (HK) Company Limited
• EC Manpower Limited
• EC Technology & Innovations Limited (“EC Technology”)
• Inspirit Studio Limited (“Inspirit Studios”)
• EC Creative Limited (“EC Creative”)
• 3D Discovery Co. Limited (“3D Discovery”)
• Sharing Film International Limited
• AnyWorkspace Limited (“AnyWorkspace”)
• Xiamen Great Media Company Limited (“Xiamen Great Media”)

$SEII added 0013-0014 on nice Joint venture news
Tend to have big moves. https://t.co/FL01Mljmda pic.twitter.com/gshvAdcD0h

— Penny Whale (@WhalePenny) March 20, 2023

To Find out the inside Scoop on SEII Subscribe to Newsytrends.com Right Now by entering your Email in the box below

On March 20 in the first press release on 2023 and the first press release since June of last year, SEII announced it has signed and engaged with BIP Consulting (“BIP”), a leading business consultation group, to complete the business negotiation with leading zero-emission electric and hydrogen vehicle manufacturers to form up joint venture in developing electric mobility business line, aiming to create a sharing economy ecosystem by providing electric trucks for renting, through third party truck manufacturers, as strategic venture partners.  

SEII has a vision in the future of zero-emission electric and hydrogen mobility markets and has been in contacts and negotiation with leading automobile manufacturers to form market joint venture in expanding electric mobility. 

BIP Consulting has extensive experience in developing business strategies and assisting clients in business negotiations.  Through the engagement, BIP will assist SEII to further negotiate with the leading European automobile manufacturers, to commercialize and distribute zero-emission electric and hydrogen trucks in defined territories. 

SEII CEO Jefferson Chan stated: “We have a strong belief in the future of zero-emission electric and hydrogen vehicles.  With EU’s plan for zero CO2 emissions for new cars and vans in 2035, such movement will expand across the whole world and there will be a lot of market opportunities.”  

$SEII….0.0014😎 pic.twitter.com/sEkzu9C7Uj

— JRS (@BigBabuji) March 20, 2023

For More on SEII Subscribe Right Now!

Currently running in the double zeroes SEII is a Chinese Company and as such information can be more limited and the Company may trade at a lower valuation than its peers. SEII does have audited financial statements i which they disclose they do have $2.3 million i marketable securities. As we said: SEII is starting to see some action since the stock recently reversed off triple zero 8 lows. Now in the double zeroes SEII has a storied history on the bulletin boards making 2 separate runs over $0.15 per share in 2021, including the first run in April that hit $0.20 per share. SEII ran last year after the Company reported that Hanking Fund would invest approximately $30 million.We will be updating on SEII when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

Disclosure: we hold no position in SEII either long or short and we have not been compensated for this article.