SMIT Signs MOU; Ventures into Cross-border E-Commerce O2O Smart Terminal Business
~HONG KONG, March 31, 2017 -- SMIT Holdings Limited ("SMIT" or the "Company," together with its subsidiaries, the "Group") (stock code: 2239), a global leading CAM supplier and a major mPOS supplier in China, has announced that it has signed a memorandum of understanding ("MOU") in round A financing as the lead to invest in Mainsweb Technology (Shenzhen) Company Limited ("Mainsweb"). The deal enables the Group to venture into cross-border e-commerce O2O smart terminal business to capture the development opportunities presented by overseas online shopping, and the unique operation model thus created will provide solutions to retailers to face the challenges posed by the intense competition from online shopping.
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