LiNiu Technology Group (NASDAQ: LINU) shares are up 73% after the company this morning said it has signed a strategic cooperation agreement with Shou Guang Agriculture Logistic Park (“SGALP”), a company approved by the China National Development and Reform Commission and one of the largest vegetable distribution, pricing, information exchanges and logistic centers throughout Asia. Per the agreement, the companies will collaborate regarding product offerings, information resources, consumers, management of the logistic park and more. Additionally, Guangzhou LiNiu will provide SGALP with access to internet sales channels through its LiNiuYang trading platform, while SGALP permits Guangzhou LiNiu access to its production, sales, distribution and logistics big data. “We are pleased to embark on our new relationship with SGALP, which we believe will be a key strategic alliance that should provide a significant boost to our LiNiuYang platform, while allowing us to further utilize our technological capabilities to the benefit of SGALP,” LiNiu Technology Group co-chief executive officer Wang Shun Yang stated in the news release.
To view the full press release, visit: http://nnw.fm/X8kop
About LiNiu Technology Group
LiNiu Technology Group (NASDAQ: LINU) recently launched the LiNiu Network, a business to customer (B2C), customer to customer (C2C) and online to offline (O2O) electronic trading platform focused on the Chinese agricultural industry. The company also currently participates in the promotion of VIP gaming at the Altira Macau. For more information on the LiNiu Network, please visit www.liniuyang.com.
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