Archive for the ‘BVI Company Joint Ventures’ Category

Origin Agritech announced establishment of two new joint ventures

Saturday, October 13th, 2018

Origin Agritech Ltd., BVI-incorporated and China-based agriculture technology and rural e-commerce company, announced the establishment of two new joint ventures – Anhui Aoyu Zhongye Technology Ltd., of which Origin holds 50% of equity, and Xuzhou Aoyu Agricultural Technology Ltd., of which the company holds 51%. Five agricultural product distributors are investing partners in each of these joint ventures.

These two joint ventures, as well as the Hubei Aoyu Agricultural Technology Limited, became the cornerstone of the Origin e-Commune Network, based on the e-commerce technologies and BVI company’s strong brand equity across rural China.

BVI holding Juvenescence Ltd founded Napa Therapeutics in cooperation with Buck Institute and Insilico Medicine

Thursday, August 16th, 2018

BVI-registered Juvenescence Ltd, which is focused on ageing research and therapy investments, together with the Buck Institute for Research on Aging and Insilico Medicine have formed Napa Therapeutics, Ltd. – a biotechnology company focused on a novel target linked to one of the fundamental processes of ageing, and developing molecule drugs to address this target.

Napa Therapeutics is based on an innovative research in NAD metabolism conducted in the laboratory of Eric Verdin, President and CEO of the Buck Institute – and independent non-profit institution which is one of the main research centres focused on the problems of ageing and age-related diseases. Napa is a privately held British Virgin Islands company having an office in the Isle of Man.

Insilico Medicine is an artificial intelligence company with offices and resources in the US, Belgium, Russia, the UK, Taiwan and Korea. The Verdin lab will collaborate with Napa Therapeutics and use Insilico’s drug development engine to speed the discovery of new compounds.

Origin Agritech and Elastos Foundation announced co-operation plan

Saturday, February 17th, 2018

Origin Agritech Limited, an agricultural biotechnology company headquartered in China and domiciled in the British Virgin Islands, and Elastos Foundation, which aims to create a new Internet system powered by blockchain technologies, announced their plan to develop a global strategic partnership. The purpose of the partnership is joint activities fostering smart economic solutions.

Origin Agritech has been developing a system for seed tracking and e-commerce solutions in order to provide the best seed technologies to Chinese farmers. Origin and Elastos had several years of trial experience when Elastos assisted the BVI company in developing its e-commerce platform, and now the companies believe that the formal co-operation in developing the platform based in Elastos’ Smart Web technologies would provide great service to global agribusiness transactions, data services, and rural e-commerce activities. The platform is expected to solve seed piracy problems and protect agricultural seed intellectual properties.

Both companies agreed that the founder of Elastos Mr. Rong Chen will join BVI company’s board, and Dr. Gengchen Han, chairman of Origin, will serve Elastos as an advisor. The companies also agreed on mutual investments.

BVI-based company takes part in developing RFID baggage-handling service

Saturday, November 21st, 2015

Aeroflot airline and four airports in Moscow, Prague, Bologna and Tallinn have completed a pilot of RFID-enabled baggage-tracking system in Europe, as part of the resolution of the International Air Transport Association (IATA), which is aimed at requiring airlines to accurately monitor acquisition and delivery of each item of baggage by June 2018.

The tested solution is known as the Hand-to-Hand RFID Baggage Tracking System (HHRBTS), and supplied by Hong Kong-based RFID solution provider Longest Chance. It is a joint venture of ERFID, a Russian provider of RFID-based systems, and its parent company Invido Group, incorporated in the British Virgin Islands.

In case of RFID baggage-handling technology, Invido’s solution can be offered as a service, reasonably easy to install and potentially lowering the barriers preventing airlines and airports from adopting radio frequency identification. This is the idea of tracking baggage from airport check-in to the arrival. Hardware provides the hardware, and an ERFID server and software to enable airports and airlines to know when baggage is checked in at an airline counter, how it is routed to the plane, and when it arrives at the destination. IATA acted as a consultant for the technology’s installation.