XIAMEN, China, June 24, 2021 /PRNewswire/ -- Blue Hat
Interactive Entertainment Technology ("Blue Hat" or the "Company")
(NASDAQ: BHAT), today announced that the Company's
operating subsidiary, Xunpusen Technology Co., Ltd.
("Xunpusen"), an innovative communication services and
Internet Data Center ("IDC") business provider, has entered
into a new partnership with one of China's reputable e-commerce brands, covering
the areas of server hosting services and broadband speed
improvement.
Xunpusen's server hosting service can help clients to monitor
operational performance, applications, systems, networks as well as
basic infrastructure. It has a 24-7 monitoring system with all-day
standby operators that allow for a high response rate when
emergencies occur. Periodic reports will be generated and sent to
the client on time. The server rooms also have a high-standard
professional security management system and strict registration
requirements for any entry of personnel, machines, or robots to
meet client's data security demands.
China is one of the
fastest-growing IDC markets in the Asia Pacific region due to the rapid growth of
internet users, streaming media, online gaming, e-commerce, and
data center industry. The market is expected to expand as a
considerable gap can be seen when comparing the number of data
centers between the United States
and China.
Xunpusen identifies and adapts to emerging market trends,
leverages capital investments from Blue Hat and applies
state-of-the-art technologies such as IoT (Internet of Things),
cloud computing, big data, and AI technology to achieve rapid
development. With an increasingly expansive data moat at its core,
the company aims to develop its capabilities in communication
services, big data security and healthcare in the longer term.
Blue Hat reported significant growth in its IDC business in the
first quarter of 2021, which was the primary driver of
its communication services revenue. Revenues from
communication services were US$5.37
million in the quarter ended March
31, 2021, which compared to US$5.5
million for the entire fiscal year 2020.
Over the past several months, Xunpusen has announced
partnerships with a number of reputable communication companies
including one of China's top three
operators of telecommunications network and one of China's top three public cloud service
providers, which will help accelerate the growth of the IDC
business and expand sales channels for Blue Hat Group's other lines
of business into the future.
About Xunpusen
Xunpusen is a professional internet basic application service
provider, mainly focusing on server hosting, data transmission and
CDN services. The company has over 200 data cabinets in multiple
locations across China including
Guangdong, Zhejiang, Jiangxi, Inner Mongolia, Liaoning province, and plans to increase the
number of IDC cabinets to over 1,000 to meet the increasing demand
for digitalization in the post-pandemic era.
Xunpusen's IDC services business covers internet access
services, network security services, third-party visualization
management services for cabinets, IT service management and unified
monitoring services, IDC intelligent inspection robots, IDC
operation as well as IDC maintenance management system.
About Blue Hat
Blue Hat Interactive Entertainment Technology is a leading
communication services and IDC business provider as well as a
producer, developer and operator of AR interactive entertainment
games, toys and educational materials in China. Distinguished by its own proprietary
technology, Blue Hat aims to create an engaging, interactive and
immersive community for its users. For more information, please
visit the Company's investor relations website
at http://www.bluehatgroup.com. The Company routinely provides
important information on its website.
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SOURCE Blue Hat Interactive Entertainment Technology