SHANGHAI, Dec. 20,
2024 /PRNewswire/ -- Eshallgo Inc ("Eshallgo" or the
"Company") (NasdaqCM: EHGO), one of the leading Chinese office
integrator, agent, and service provider, announced a far-reaching
strategic move—the acquisition of D&K Asset Management
(Hong Kong) Co., Ltd., and the
establishment of a deep strategic partnership with Beijing
Liuliuqiu Cultural Development Co., Ltd. This not only demonstrates
ESHALLGO's steadfast pace in business expansion, officially
entering the Tencent business
ecosystem, but also signifies that the company will embark on a new
mode of cooperation in the fields of office integration services
and cloud gaming, jointly exploring this market.
The highlights of this acquisition lie in the two significant
cooperation agreements signed by Shenzhen Qianhai Huiying
Technology Power Co., Ltd., a subsidiary of D&K Asset
Management (Hong Kong) Co., Ltd.,
which is wholly owned by ESHALLGO, and Tencent Technology (Shenzhen) Co., Ltd., an international internet
giant. The first agreement is the "Cloud Gaming Console
Product Cooperation Agreement," under which both parties will
collaborate closely on various aspects, from the creative
conception of DEMO prototypes, console design, to hardware and
software technologies. Leveraging cloud gaming and streaming
technologies, combined with the open Android system, they aim to
provide a rich variety of game content and exceptional cloud gaming
experiences to global gamers, building an open and mutually
beneficial gaming ecosystem together. The second
agreement is the "Cross-Industry Cooperation Agency Agreement,"
where both parties will carry out joint marketing activities
targeting Tencent's user base, encompassing events such as gaming
competitions, user gatherings, talent shows, and other offline
activities. They will fully utilize their respective marketing
channels to promote cooperative promotional activities and their
respective businesses, achieving resource sharing and mutual
benefit.
On the same day, ESHALLGO also signed a sales agreement for one
thousand cloud gaming consoles with Beijing Liuliuqiu Cultural
Development Co., Ltd. Leveraging Tencent's resource advantages, the
two parties will collaborate to develop cloud gaming console
products that support multiple cloud gaming services. This console
will achieve perfect integration of hardware and network resources,
leading to the thriving development of the cloud gaming ecosystem
and enabling players to enjoy AAA games anytime, anywhere. At
the same time, the cooperative product will closely collaborate
with cloud gaming ecosystems such as Migu Quick Gaming,
Tencent START Cloud Gaming,
Tencent Pioneer Cloud Gaming,
Microsoft Xcloud, and GeForce Now, jointly promoting the prosperity
and development of the cloud gaming industry and opening a new
chapter in the field of cloud gaming.
The remarkable achievements of ESHALLGO in the fields of office
integration services and cloud gaming are attributed to the
company's profound accumulation and exceptional capabilities in
each respective area. As a Nasdaq-listed company, ESHALLGO has set
an industry benchmark in the sales and service of office equipment
and peripheral products in China,
with the strength of its robust team comprising over 20 provincial
holding subsidiaries, more than 150 registered service units, and
over 1,500 registered technical service personnel across the
country. Through the "Yixiuge" platform, the company successfully
pioneered a new business model of "Internet + Service E-commerce,"
establishing a nationwide service network that has provided
comprehensive, integrated, and one-stop services both online and
offline to over 20,000 loyal enterprise customers, earning
widespread recognition and praise in the market.
The cooperation with Tencent and
Beijing Liuliuqiu Cultural Development represents another
significant milestone in ESHALLGO's business expansion. As an
internationally renowned internet company, Tencent will provide solid support to ESHALLGO
with its powerful resources and technological advantages.
Meanwhile, Beijing Liuliuqiu Cultural Development's extensive
experience and innovation capabilities in the cloud gaming field
will inject new vitality and possibilities into the collaboration
between the two parties.
Regarding this acquisition and cooperation, ESHALLGO CEO Miao
Qiwei stated, "As a Nasdaq-listed company, we are extremely honored
to forge ahead together with Tencent
and Beijing Liuliuqiu Cultural Development. Through our in-depth
cooperation, we will jointly promote the development of the
integrated office and cloud gaming sectors, and delivering more
convenient, efficient, and diversified service experiences for
customers. We believe that this acquisition and cooperation will
open up broader market opportunities for both parties and generate
considerable commercial value."
Beijing Liuliuqiu Cultural Development also expressed high
expectations for this cooperation: "Partnering with ESHALLGO is a
crucial step in our layout of the cloud gaming and office service
sectors. ESHALLGO's extensive experience and capabilities in
office integration services will provide us with strong support and
after-sales service guarantees. At the same time, through
ESHALLGO's collaboration with Tencent, we will also benefit from Tencent's
powerful resources. We look forward to working hand in hand with
ESHALLGO to create an even brighter future together."
Looking ahead, ESHALLGO will continue to uphold the development
philosophy of innovation and pragmatism, working alongside partners
such as Tencent and Beijing Liuliuqiu
Cultural Development to jointly promote the prosperity and
development of the cloud gaming and office integration service
sectors, opening a more brilliant chapter.
About Eshallgo Inc
Eshallgo Inc is one of the leading office solution providers
in China with a global vision. We specialize in two
distinct market sectors: office supply sale and leasing, and
after-sale maintenance & repair. We have created an extensive
geographical presence, which expands throughout 20 provinces
in China. Our mission is to become an office integrator and
service provider, offer competitive overall office solutions and
services, expand our service market beyond office equipment, and
continue to create maximum value for customers. For more
information, visit the Company's website
at http://ir.eshallgo.com/.
Forward-Looking Statements
All statements other than statements of historical fact in
this announcement are forward-looking statements. These
forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations and projections
about future events and financial trends that the Company believes
may affect its financial condition, results of operations, business
strategy and financial needs. Investors can identify these
forward-looking statements by words or phrases such as "may,"
"will," "expect," "anticipate," "aim," "estimate," "intend,"
"plan," "believe," "potential," "continue," "is/are likely to" or
other similar expressions. The Company undertakes no obligation to
update forward-looking statements to reflect subsequent occurring
events or circumstances, or changes in its expectations, except as
may be required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company's registration statement and in its
other filings with the SEC.
For more information, please contact:
Investor
Relations:
Sherry
Zheng
Weitian Group LLC
Phone: 718-213-7386
Email: shunyu.zheng@weitian-ir.com
View original
content:https://www.prnewswire.com/news-releases/ehgo-acquired-dk-asset-management-and-worked-with-liuli-ball-culture-to-draw-a-new-blueprint-for-tencents-business-ecosystem-302336309.html
SOURCE Eshallgo Inc