AGTech enters strategic cooperation with Jiangsu Lottery

AGTech Holdings has announced it has entered into a strategic cooperation framework agreement with Jiangsu Province Sports Lottery Administration Center.

Under the cooperation, Jiangsu Province Sports Lottery Administration Center and AGTech will work together to actively promote innovation in the lottery and accelerate the marketing and promotion as well as the R&D of the lottery games.

John Sun, chairman and chief executive officer of AGTech, said, “We are pleased to have the opportunity to cooperate with Jiangsu Sports Lottery Administration Center in such a comprehensive manner, ultimately improving and modernizing the entire lottery experience for the benefit of the customer.”

“In 2017, the sales of Jiangsu province sports lottery exceeded RMB20 billion (US$3.1 million) for the first time, making it the top seller in China. Given the considerable scale of lottery sales in Jiangsu Province, Alibaba and Ant Financial’s expansive offline retail network and channels as well as our expertise and experiences in the lottery channel business and technology and data services, we believe this strong combination will further improve the consumption pattern and experience of sports lottery products as a whole. It will also advance the lottery industry and contribute to the healthy development of national sports and public welfare.”

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