Tag Archives: Alibaba Group

AGTech extends lottery hardware business through Alibaba

AGTech & Alibaba

AGTech Holdings subsidiary Beijing GOT Technology has entered into an agreement with its parent company Alibaba Group to supply equipment including point-of-sale (POS) terminals and facial recognition payment equipment. According to the agreement, AGTech may provide equipment and maintenance services to Alibaba through open bidding and commercial negotiations.  Such equipment include, but not limited to, POS terminals and face recognition …

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Alibaba enters Asian lottery space with AGTech $308 million investment

Alibaba Group, Asia’s biggest online retailer, has agreed to buy a majority stake in Hong Kong-listed lottery technology provider AGTech Holdings for HK 2.4 billion ($308 million). The deal which will be processed through Alibaba investment subsidiary, Ali Fortune Holdings will see the retailer enter the rapidly growing Chinese lottery sector. Issuing a public filing with the Hong Kong Stock …

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