Color Star Technology Co., Ltd. an entertainment technology company devoted to the application of technology and artificial intelligence in the entertainment industry today officially announced plans to acquire more than 51% of Hainan Netgod Cyber Cafe Network Co., Ltd.’s equity. Based in Haikou HNCCN is Hainan’s first internet cafe brand that offers a five-star service experience. Through this acquisition, Color …
Color Star Technology Co., Ltd. (NASDAQ: CSCW), an entertainment technology company devoted to the application of technology and artificial intelligence (AI) in the entertainment industry (hereinafter referred to as “Color Star” or the “Company”), today officially announced plans to acquire more than 51% of Hainan Netgod Cyber Cafe Network Co., Ltd.’s (hereinafter referred to as “HNCCN”) equity. Based in Haikou HNCCN is Hainan’s first internet cafe brand that offers a five-star service experience. Through this acquisition, Color Star hopes to integrate high technology and interactive experiences in top international internet cafes, esports competitions, and other related services for the global market.
HNCCN specializes in internet access services, esports execution, and esports hotel operations. Over the years, HNCCN has maintained the status of being ” Hainan’s most fashionable esports stadium,” focusing on attaining the corporate goal of becoming ” Hainan’s benchmark esports stadium.” In 2015, HNCCN made another pioneering move that shook the industry by...
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