Archive for the ‘NASDAQ listed BVI Companies’ Category

Origin Agritech announced new strategic directions

Friday, March 16th, 2018

BVI-registered agricultural biotechnology company Origin Agritech Ltd. announced the new strategic directions set by the newly appointed Chief Executive Officer Dr. Z. James Chen. Among the key strategic directions which were discussed there are e-commerce development for the vast farmland in China, foundation corn seed technology business development, and further development of biotech and genome editing seed technologies.

Dr. Gengchen Han, Chairman of Origin Agritech, commented on the new announcement: “We believe the new strategic directions set by the new management team represents the key technology and market advantages built over the last two decades and we trust we can build new businesses while waiting for the final commercialization approval of agribiotech technology in China… the new management team’s new strategic directions have full support from our board and we look forward to new Origin post commercial seed business divestiture”

BVI company received Cloud-based Ad Terminal Order for Guangxi Autonomous Region

Friday, March 9th, 2018

China Information Technology, Inc., the BVI-incorporated company providing internet-based ad distribution and ad display terminal sharing systems in China, entered into a contract for the sale of 1,500 cloud-based ad terminals to be installed in office buildings and residential communities in Yulin, which is one of the political and economic centers of Guangxi Autonomous Region.

The contract signed with Yulin Taoping IoT Technology Limited is expected to generate sales and service revenue to CNIT of about $0.5mln. This is the second contract of BVI company’s cloud-based terminal for Guangxi region, which followed the $1mln order received in November 2017, and the twenty-second contract on the sale of CNIT’s cloud-based ad terminals since May 2017. Each sale is expected to generate recurring service and commission revenue from customers’ use of Company’s Yunfa advertising distribution system and Taoping Net/App ad screen sharing platform.

BVI company’s CEO and Chairman Mr. Jianghuai Lin said in his comments: “With successful execution of our market strategy in the prior year, proven track record and the new addition of our Taoping new-media ecosystem, CNIT is currently experiencing accelerated market demands for our cloud-based ad terminals and solutions.”

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.

China Information Technology receives Best Business Model Innovation Award

Friday, November 24th, 2017

BVI-registered company China Information Technology, Inc. has received the Best Business Model Innovation Award from the committee of the 9th China (International) Commercial Display System Industry Leaders Summit. The Summit was held in Shenzhen ad co-hosted by China Commercial Display System Industry Alliance and Shenzhen Commercial Display System Industry Promotion Association. It provided platform for representatives of industry, media, companies, academies and investment institutions to discuss current challenges and opportunities in the commercial display industry.

The innovated sharing model of Taoping Alliance, which is a new media operating organization founded by CNIT and Shenzhen Taoping New-Media Technology Limited, received the Best Business Model Innovation Award in the competition of Chinese commercial display brand value and innovative application.