NEW YORK, Dec. 14, 2021 /PRNewswire/ -- Recently, 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, formally signed a memorandum of
understanding with Alibaba Cloud.
The two parties will be at China Pavilion, World Expo 2020 in
Dubai on December 25 - December 26, 2021, to join hands in
this multicultural event and explore potential in-depth
cooperation. In the future, Color Star will have further
cooperation in technical fields such as cloud computing and
artificial intelligence.
The World Expo is an international expo event with great
influence and a long history of over 100 years. It is organized by
the host government organization or government commissioned by
relevant departments. From 1851 to 2021, the World Expo has become
the embodiment of a global diversified economy, with ever more
countries participating in the Expo, and where the world's top
manufacturers and brands converge. Color Star is very much looking
forward to this World Expo, which will not only pave new milestones
for the cooperation between Alibaba
Cloud and Color Star, but also give both the opportunity to
shine on the international stage.
Alibaba Cloud is the world's
third leading cloud computing company and an official partner of
the China Pavilion at the Dubai World Expo. Currently, Alibaba Cloud operates 80 availability zones in
25 regions around the world, providing technical services to more
than 3 million corporate customers. At this World Expo, Color Star
and Alibaba Cloud will showcase
visual effects, multiculturalism, and technological concepts.
Mr. Douglas, spokesperson of Color Star, commented: "We are
honored to cooperate with Alibaba
Cloud. This will greatly help and improve the Company's next
step in the technology sphere and technology creation such as
metaverse. It is also an honor to participate in the World Expo. In
2022, the company will bring more business content, and our Color
Star metaverse will also improve step by step and be presented to
the public. Despite the pressures of the COVID-19 pandemic, Color
Star will continue to maintain a stable and steady profit
situation."
About Color Star Technology
Color Star Technology Co, Ltd. (Nasdaq CM: CSCW) is an
entertainment and education company that provides online
entertainment performances and online music education services. Its
business operations are conducted through its wholly-owned
subsidiaries, Color China Entertainment Ltd. and CACM Group NY,
Inc. The Company's online education is provided through its Color
World music and entertainment education platform. More information
about the Company can be found at
www.colorstarinternational.com.
Forward-Looking Statement
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate" or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. Forward-looking statements are
not guarantee of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's
future business development, including the development of the
metaverse project; product and service demand and acceptance;
changes in technology; economic conditions; the growth of the
educational and training services market internationally where CSCW
conducts its business; reputation and brand; the impact of
competition and pricing; government regulations; fluctuations in
general economic and business conditions and assumptions underlying
or related to any of the foregoing and other risks contained in
reports filed by the Company with the Securities and Exchange
Commission. For these reasons, among others, investors are
cautioned not to place undue reliance upon any forward-looking
statements in this press release. Additional factors are discussed
in the Company's filings with the U.S. Securities and Exchange
Commission, which are available for review
at www.sec.gov. The Company undertakes no
obligation to publicly revise these forward–looking statements to
reflect events or circumstances that arise after the date hereof
unless required by applicable laws, regulations or rules.
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SOURCE Color Star Technology Co., Ltd.