Business
ATIF Holdings Limited Enters Into US$2.3 million In Contracts to Launch Live Streaming and Short Video Production
Shenzhen, China, April 28, 2020 (GLOBE NEWSWIRE) -- ATIF Holdings Limited (NASDAQ: ATIF), a company providing business consulting service and multimedia
About this update from Atif Holdings Limited
[{"type":"text","content":"Shenzhen, China, April 28, 2020 (GLOBE NEWSWIRE) -- ATIF Holdings Limited (NASDAQ: ATIF), a company providing business consulting service and multimedia service in Asia, today announced that its majority owned subsidiary, Leaping Group Co., Ltd.(“LGC”), entered into US$2.3 million in contracts (the “Contracts”) from multiple clients to launch live streaming and short video production.\n As the spread of COVID-19 has largely changed people’s way of life worldwide, social media influencer live streaming and short video marketing have become the most influential marketing strategies for advertising, film, and television media industries. To navigate the current environment and seize the opportunities, LGC has signed a few dozens of social media influencers to shoot short videos and conduct live Internet broadcasts to advertise products and services. Pursuant to the Contracts, LGC agrees to provide exclusive team service and one-stop service for clients’ video production. Once clients confirm the service proposal, LGC agrees to deliver the video production within 25 business days. According to the Contracts, the accumulated contract amount is approximately US$2.3 million. From early January to mid-April, LGC was engaged by over 20 clients to produce short video, corporate promotion videos, and corporate documentaries. Some of LGC’s clients are well-known real estate companies in China including China Overseas Land & Investment Limited, COFCO Property, China Railway Construction Group (Fortune 500 Company), Kisai Group Holdings Limited, Zhongliang Holdings Group Company Limited, Country Garden Holdings Company Limited, Gemdale Corporation, and Yango Group Co., Ltd, etc. Mr. Tao Jiang, CEO of Leaping Group, commented, “In addition to our traditional businesses such as multi-channel advertising, event planning and execution, film and TV program production and movie theater operation, we will focus on live streaming and short video production, and other associated fields to fully explore the domestic Chinese market. We believe that live streaming and short videos will boost our business and financial performance.” About ATIF Holdings Limited Headquartered in Shenzhen, China, ATIF is a company providing business consulting services to small and medium-sized enterprises in Asia including going public consulting services, international bus...