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.

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