Marvion Inc (PK:MVNC)
Business Focus: Internet Services
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Company News
Feb 20, 2024 07:03 ET
Marvion Enters Strategic Collaboration with CITD and MAME Ltd to Pioneer Digital Ownership Tokens (DOTs) in Entertainment Industry
SINGAPORE, Feb. 20, 2024 /PRNewswire/ -- Marvion Inc., (OTC:MVNC), a leading technology company specializing in Web 3.0 solutions, is pleased to announce the signing of a Memorandum of Understanding (MOU) with China Information Technology Development Limited (CITD) and MAME Ltd (Mame). This collaborative agreement marks a significant milestone in the advancement of digital ownership tokens (DOTs) within the entertainment industry.
Jan 31, 2024 07:03 ET
Marvion Inc. Unveils Strategic Initiatives Amidst Evolving Market Conditions
SINGAPORE, Jan. 31, 2024 /PRNewswire/ -- Marvion Inc., (OTC:MVNC), a leading innovator in sustainable technologies, today announced a series of strategic initiatives designed to navigate and capitalize on the current market conditions. As the global landscape continues to evolve rapidly, Marvion remains steadfast in its commitment to pioneering solutions that address emerging challenges and opportunities.
Valuation Ratios
Industry
Sector
Beta
-0.41
--
--
Price to Sales - TTM
8.86
1.84
2.71
Price to Book - most recent quarter
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1.73
2.03
Price to Cash Flow per share - TTM
--
8.22
14.40
Price to Free Cash Flow per share - TTM
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27.84
25.91
Business Summary
| Sector: Technology | Industry: Internet Services |
Marvion Inc., formerly Bonanza Goldfields Corp., is a holding company. The Company operates through its subsidiaries, which are engaged in the lifestyle, media and entertainment creation and distribution, and technology businesses. Using Web3 technologies (including blockchain and metaverse technologies), the Company seeks to provide an end-to-end one-stop solution for brands and content creators. Its segments include Media & Entertainment and Business Consulting. Its Media & Entertainment Segment mainly operates an online platform to sell and distribute the licensed intellectual property (IP) rights and media products to end-users. It sells digital ownership tokens (DOTs) on its MetaStudio, which is operated through its subsidiary, Marvion Group Limited. Its Business Consulting Segment mainly provides financing, business development solutions and related professional services to the customers. It offers business consulting services through Marvion Studio Limited (Marvion Studio).
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