Color Star Technology Co., Ltd. an entertainment technology company with a global network that focuses on the application of technology and artificial intelligence in the entertainment industry, announces that its wholly-owned subsidiary, Color China, has officially signed an agreement of intent to acquire Wuhan Chujing Esports Culture Communication Co., Ltd. . The two companies will collaborate in developing a …
Color Star Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as “Color Star” or the “Company”), an entertainment technology company with a global network that focuses on the application of technology and artificial intelligence (AI) in the entertainment industry, announces that its wholly-owned subsidiary, Color China, has officially signed an agreement of intent to acquire Wuhan Chujing Esports Culture Communication Co., Ltd. (hereinafter known as “Chujing Esports”). The two companies will collaborate in developing a global esports pan-entertainment sector combining their respective industry advantages. Color Star will also include this new sector as a essential part of its business.
The mergee, Chujing Esports, is an innovative cultural enterprise that focuses on internet “esports+”. The company integrates new platforms, new traffic, new culture and creativity, and new ideas related to the development of esports concepts in the new era. It adopts the online and offline dual-channel business model, actively engages in sustainable and eco-friendly...
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