To acquire stake in Hangzhou Bizike, Phoenitron Holdings has eye on trillion-dollar e-commerce market
When the transaction is completed, Beijing Tecsun Venus will hold 20% of the enlarged registered capital of Hangzhou Bizike.
- When the transaction is completed, Beijing Tecsun Venus will hold 20% of the enlarged registered capital of Hangzhou Bizike.
- The e-commerce market in the PRC has continued to grow over the past few years.
- To Phoenitron, the thriving e-commerce market presents it with an important opportunity that agrees with its growth strategy and aim to diversity business.
- Hangzhou Bizike's main business is to market and sell merchandises via livestreaming, and it also provides short video marketing and creates IP for KOLs.