Business
ATIF Holdings Limited Announces Relocating Operating Headquarter to California and Launching New Business Model
LOS ANGELES, Calif., Jan. 4, 2021 /PRNewswire/ -- ATIF Holdings Limited (Nasdaq: ATIF, the "Group", "ATIF" or "we"), a company providing business consulting
About this update from Atif Holdings Limited
[{"type":"text","content":"LOS ANGELES, Calif., Jan. 4, 2021 /PRNewswire/ -- ATIF Holdings Limited (Nasdaq: ATIF, the \"Group\", \"ATIF\" or \"we\"), a company providing business consulting and multimedia services in Asia and North America, today announced that it officially relocated its operating headquarter to California, USA, and launching new business model with three sectors: asset management, investment holding and media services, to expand the group's business with a flexible business concept that is expected to bring high growth revenue and strong profit growth.\nATIF Inc., a wholly owned subsidiary of ATIF (\"ATIF Inc.\") has been incorporated in California on October 2020 as ATIF's new operating headquarters. It was well received by clients in the United States, and have already secured 4 California based clients for IPO consulting services since its inception totaled to US$4 million contract amount in aggregate. Clients located within United States will be serviced by ATIF Inc. from its California headquarter, while clients outside United State will be supported by ATIF Inc.'s business centers abroad. Huaya Consultant (Shenzhen) Co., Ltd., a wholly owned subsidiary of ATIF, will serve as ATIF Inc.'s business center in PRC for clients located in the PRC. To streamline the management chain and to improve management control with lower costs, the Group terminated the agreements pertaining to the services provided by Qianhai Asia Times (Shenzhen) International Financial Services Co., Ltd. Currently, the Group is in discussion with other business organizations to collaborate with, leveraging their resources to assist the Group as the Group's business centers in other jurisdictions. The Group believes that this streamlined management model and strategic partnership strategy is in line with the current fast-changing and competitive business environment and will provide the Group with strong growth capability. \nLaunch of three major sectors, asset management, investment holding and media services\nAsset management sector is a brand-new segment added to the Group. In 2020, the Group formed an asset management team with series 65 securities licenses and started to invest on securities in January 2020. Based on the asset management team's unique portfolio strategies and accurate judgment to the market, the securities investment sector has yielded an idea...