Blue Hat Subsidiary Xunpusen Expands Cooperation with JD Cloud

Rhea-AI Summary

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced an expansion of its cooperation with JD Cloud, authorizing its subsidiary, Xunpusen Technology, as a core channel partner. This follows a previous agreement in October 2021 for SMS channel services. With this new certification, Xunpusen aims to enhance its IDC business and foster resource exchange between both entities. CEO Xiaodong Chen emphasized the importance of industry partnerships for growth and the focus on developing core technologies and platforms.

Positive

• Xunpusen authorized as a core channel partner of JD Cloud, enhancing business opportunities.
• Potential growth in IDC business and additional resources from JD Cloud partnership.

Negative

• None.

XIAMEN, China, Jan. 18, 2022 /PRNewswire/ -- Blue Hat Interactive Entertainment Technology ("Blue Hat" or the "Company") (NASDAQ: BHAT), a leading communication services and internet data center ("IDC") business provider and developer, and an operator of mobile games and augmented reality ("AR") education curricula and products in China, today announced the expansion of the previously announced cooperation between the Company's operating subsidiary, Xunpusen Technology Co., Ltd. ("Xunpusen"), and JD Cloud, a leading cloud computing brand under tech giant JD Technology Group, following JD Cloud's authorization of Xunpusen as one of its core channel partners.

In October 2021, Blue Hat announced that Xunpusen signed an agreement to be a channel and port provider for JD Cloud's SMS channels services. Having obtained the certification and licensure as a JD Cloud core channel partner, Xunpusen anticipates deepening its cooperation with JD Cloud based on previously signed SMS channel agreements, which will provide opportunities to grow Blue Hat's IDC business and other businesses, while developing a flow of additional resources between JD Cloud and Xunpusen.

Management Commentary

Mr. Xiaodong Chen, CEO of Blue Hat, stated, "We are pleased to have received this additional vote of confidence from JD Cloud and look forward to expanding our cooperation with them as one of their core channel partners. Xunpusen intends to continue focusing on developing its core technologies and platforms. We believe our partnerships within the industry are critical to continuing the growth trajectory of our IDC business, and we continue to explore new cooperation opportunities and ways to deepen existing relationships such as this one."

About Blue Hat

Blue Hat is a leading communication services and IDC business provider and a producer, developer and operator of AR interactive entertainment games, toys and educational materials in China. Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users. For more information, please visit the Company's investor relations website at http://ir.bluehatgroup.com. The Company routinely provides important information on its website.

Forward-Looking Statements 

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters set in the Company's SEC filings, including its Annual Report on Form 20-F. These risks and uncertainties could cause the Company's actual results to differ materially from those indicated in the forward-looking statements.

Contacts:

Blue Hat Interactive Entertainment Technology
Phone: +86 (592) 228-0010
Email: ir@bluehatgroup.net

Investor Relations:

The Equity Group Inc.
Carolyne Sohn, Vice President 
(415) 568-2255 
csohn@equityny.com                                                                      

In China
Lucy Ma, Associate
+86 10 5661 7012
lma@equityny.com 

View original content:https://www.prnewswire.com/news-releases/blue-hat-subsidiary-xunpusen-expands-cooperation-with-jd-cloud-301461510.html

SOURCE Blue Hat Interactive Entertainment Technology

FAQ

What is the recent announcement from Blue Hat Interactive Entertainment Technology regarding JD Cloud?

Blue Hat announced that its subsidiary, Xunpusen, has been authorized as a core channel partner for JD Cloud, expanding their cooperation.

What opportunities does the JD Cloud partnership provide for Blue Hat?

The partnership is expected to boost Blue Hat's IDC business and facilitate resource exchange with JD Cloud.

When did Blue Hat initially sign an agreement with JD Cloud?

Blue Hat initially signed an agreement with JD Cloud in October 2021.

What services will Xunpusen provide as a core channel partner for JD Cloud?

Xunpusen will provide SMS channel services as part of its expanded role with JD Cloud.

Who is the CEO of Blue Hat Interactive Entertainment Technology?

The CEO of Blue Hat is Xiaodong Chen.