AGTech deepens cooperation with Alibaba Group

AGTech Holdings has announced that its wholly-owned subsidiary, Beijing GOT Technology, has entered into an agreement with Alibaba China to provide equipment and maintenance services including POS terminals and face recognition payment equipment, which may be applied to offline retail sales as well as lottery sales.

“Alibaba Group’s new retail initiatives present a great opportunity for the further development of the group’s lottery hardware business… Many of these hardware supplies share similar designs, technologies and components that underlie the lottery hardware products supplied by the group throughout the years,” the company explained in a note to investors.

AGTech supplies lottery hardware deployed in multiple Chinese provinces and is one of the leading manufacturers and suppliers of lottery terminals in the country. In 2018, the Group won nineteen lottery hardware tenders, accounting for over 41% of the overall Sports Lottery terminal tenders in China during the same period. They did especially well in new Android sports lottery terminals tenders in China, winning over 67% of such tenders in 2018.

Related Articles

AGTech announces end to two virtual sports lottery games

AGTech Holdings has announced that two of its virtual sports lottery games have been terminated, a football-themed virtual sports lottery game e-Ball Lottery in Jiangsu Province and a motor racing-themed virtual sports lottery game “Lucky Racing” in Hunan Province

AGTech gets five more sports lottery contracts

AGTech Holdings said it has won sports lottery procurement contracts for five more Chinese provinces.

AGTech wins lottery terminal procurement bid in several provinces

AGTech Holdings Limited has announced that its wholly-owned subsidiary, Beijing AGTech GOT Technology Co., Ltd has won the sports lottery terminal procurement bidding projects in Anhui, Shanxi, Jilin, Hubei, and Guizhou, according to a company filing.  The procurement of lottery terminals over the first four months of the year had fallen to a near standstill […]

Kiron teams up with AGTech in Asia, Latin America and Africa

Specialist virtual games provider Kiron and lottery and gaming supplier AGTech have agreed on a global collaboration agreement which will include the distribution of the parties’ respective products internationally.  Kiron’s premier virtual games offering, including football and racing, as well as a variety of localized sports and numbers games, will be integrated into AGTech’s brand […]