Blue Hat Interactive (NASDAQ: BHAT), a leading producer, developer and operator of augmented reality interactive entertainment games, toys and educational materials in China, has signed a three-year framework agreement with Kingsoft Cloud Holdings Limited (NASDAQ: KC). The agreement, which has been in place since August 2020, calls for Blue Hat to provide mainframe hosting, system maintenance, troubleshooting and other services for Kingsoft Cloud, which is a leading cloud service provider in China. The agreement follows Blue Hat’s late-2020 acquisition of Xunpusen Technology Co. Ltd. and is an indication of BHAT’s expanding internet data center (“IDC”) business. IDC enables hosting enterprises, merchants, or web servers to securely operate e-commerce services, which provides a key value for distributors, suppliers and customers. “We are pleased to be recognized as a valued partner by Kingsoft Cloud, one of the top cloud service providers in China, and look forward to working with them in offering our marketing and integrated solutions to larger business clients,” said Blue Hat CEO Xiaodong Chen in the press release. “We believe this three-year agreement with Kingsoft Cloud is just the beginning of a productive partnership, and we will continue to expand our IDC business with a focus on leveraging Xunpusen’s expertise in mobile marketing and hosting. Through this cooperation, we will be able to increase our brand awareness and customer base for our mobile and gaming business.”
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About Blue Hat Interactive Entertainment Technology
Blue Hat Interactive is a producer, developer and operator of AR interactive entertainment games and toys in China, including interactive educational materials, mobile games and toys with mobile game features. The company’s interactive entertainment platform creates unique user experiences by connecting physical items to mobile devices, which creates a rich visual and interactive environment for users through the integration of real objects and virtual scenery. Distinguished by its own proprietary technology, Blue Hat aims to create an engaging, interactive and immersive community for its users. For more information about the company, please visit www.BlueHatGroup.com.
NOTE TO INVESTORS: The latest news and updates relating to BHAT are available in the company’s newsroom at http://ibn.fm/BHAT
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