Smart Share Global ADR (EM) has released an update.
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Smart Share Global Limited, a tech firm specializing in mobile device charging services, has reported its Q1 2024 financial outcomes, with a notable expansion in both its Points of Interest (POIs) and registered users, now exceeding 400 million. The company is transitioning towards a network partner model, which is expected to bring long-term economic benefits despite a current decrease in revenues due to the change in contractual arrangements with partners. Executives express confidence in the strategic shift and future growth prospects in the mobile device charging sector.
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