Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) today announced that its operating subsidiary, Xunpusen Technology Co. Ltd., 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. According to the update, Xunpusen’s server hosting service can help clients to monitor operational performance, applications, systems, and networks and basic infrastructure. Its 24-7 monitoring system with all-day standby operators allows for a high response rate when emergencies occur. 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. The company achieved US$5.37 million in revenues from communication services in the quarter ended March 31, 2021, compared to US$5.5 million for the entire fiscal year 2020.
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About Blue Hat Interactive Entertainment Technology
Blue Hat 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 https://IR.BlueHatGroup.com.
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