HONG KONG, Jan. 12, 2018 /PRNewswire/ -- Sharing Economy
International, Inc. ("SEII" or "the Company") (NASDAQ: SEII) today
announced that its wholly-owned subsidiary, EC Technology &
Innovation Limited ("ECTI"), has entered into an exclusivity
agreement with Shanghai Ganqu Network Technologies Limited
("Ganqu"), regarding a cooperation for the development of
blockchain technologies and applications, as well as a
blockchain-powered sharing economy platform allowing access to
third-party applications.
Ganqu has extensive experience in developing blockchain-enabled
solutions in different areas, ranging from gaming, ticketing and
notary services to financial and insurance services. Moreover,
Ganqu has developed a blockchain-enabled platform "Hexin", which
provides a cloud-based blockchain functional platform that allows
application developers to make use of blockchain technologies with
minimal effort and much faster deployment time to the market.
"With their solid experience in blockchain applications Ganqu
will provide us with strong technical advice and support as we
integrate blockchain solutions into our sharing economy ecosystem,"
said Parkson Yip, COO of SEII.
"Blockchain is still a new technological concept, with many parties
embracing it and experimenting with how to use it
effectively. By partnering with Ganqu, a firm with practical
experience in applying blockchain solutions across different
industries, we are confident we can complete the development of our
own "Sharing Blocks" solution at a very high standard of quality.
As with any new technology, there are pros and cons associated with
blockchain. We plan to make the best use of this technology to
provide a convenient, safe, autonomous, and trustful sharing
economy platform and applications."
About Sharing Economy International Inc. (Nasdaq:
SEII)
Sharing Economy International Inc. (Nasdaq: SEII) (formerly
known as Cleantech Solutions International, Inc. ("CLNT")), through
its affiliated companies, designs, manufactures and distributes a
line of proprietary high and low temperature dyeing and finishing
machinery to the textile industry. The Company's latest
business initiatives are focused on targeting the technology and
global sharing economy markets, by developing online platforms and
rental business partnerships that will drive the global development
of sharing through economical rental business models. Moreover, the
Company is actively pursuing for the application of blockchain
technologies in its existing and to-be-acquired businesses, better
enabling the general public to realize the beauty of resource
sharing.
About Shanghai Ganqu Network Technologies Limited
Shanghai Ganqu Network Technologies Limited, a subsidiary of
Wanxiang Blockchain, is mainly engaged in the development of
blockchain platform solutions to enable more transparent, secure,
reliable and trustful gaming experience. Ganqu has also
extended its blockchain solutions into other sectors such as
ticketing, notary service and financial/insurance industries.
Safe Harbor Statement
This release contains certain "forward-looking statements"
relating to the business of the Company and its subsidiary and
affiliated companies and certain potential transactions that they
may enter into. These forward looking statements are often
identified by the use of forward looking terminology such as
"believes," "expects" or similar expressions. Such forward looking
statements involve known and unknown risks and uncertainties that
may cause actual results to be materially different from those
described herein as anticipated, believed, estimated or expected.
The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of a
variety of factors, including those discussed in the Company's
periodic reports that are filed with the Securities and Exchange
Commission and available on its website, including factors
described in "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations" in our
Form 10-K for the year ended December 31,
2016 and in our Form 10-Q for the quarter ended September 30, 2017. All forward-looking
statements attributable to the Company or to persons acting on its
behalf are expressly qualified in their entirety by these factors
other than as required under the securities laws. The Company does
not assume a duty to update these forward-looking
statements.
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SOURCE Sharing Economy International Inc.