Business
ATIF Holdings Limited Signs Multimedia Services Contracts with China and Global Top 500 Companies
Shenzhen, China, Aug. 03, 2020 (GLOBE NEWSWIRE) -- ATIF Holdings Limited (Nasdaq: ATIF, the “Company”), a company providing business consulting services and
About this update from Atif Holdings Limited
[{"type":"text","content":"Shenzhen, China, Aug. 03, 2020 (GLOBE NEWSWIRE) -- ATIF Holdings Limited (Nasdaq: ATIF, the “Company”), a company providing business consulting services and multimedia services in Asia, today announced that its majority-owned subsidiary, Leaping Group Co., Ltd.(“LGC”), a leading multimedia and advertising firm in Northeast China, has signed contracts with more than 20 renowned corporate clients to provide multimedia services. Some of the corporate clients are China and Global Top 500 companies. \n Pursuant to the contracts LGC signed with the clients, LGC will produce promotional videos, documentaries, internet broadcast programs and product marketing related multimedia production services for over 20 renowned corporate clients such as COFCO Property (SHE:000031), Industrial and Commercial Bank of China (SHA:601398), China Vanke (SHE:000002), Agile Property (HKG:03383) and Evergrande (HKG:03333), which are ranked among China and Global Top 500 enterprises. Mr. Bo Jiang, Chairman of LGC, commented, “We’re glad that these famous companies chose us to offer them comprehensive multimedia solutions and we are confident that our exquisite service and product can help our clients deliver their enterprise image and influence better, appealing to more clients and consumers. As most industries have been affected by the global outbreak of Covid-19 to a certain extent during the past couple of months, in our film and multimedia industry many are seeking business transformation or other plans to cope with the situation, the so-called ‘influencers’ and short videos operations are also becoming the new growth points of advertising and media industry in China.” Mr. Pishan Chi, CEO of ATIF, said, “LGC also felt the brunt of the Covid-19 to a certain degree, but we proactively implement business transformation to catch up with the market trend in making short-videos and promotional media videos that have become the new growth points of our business. National box office recorded RMB33 million, which was a third of the same period of last year and only within six days since the cinemas re-opened on July 20 in China, as such LGC also expects its advertising business in second half of 2020 will start to grow at a pace in line with the ante-pandemic period.” About ATIF Holdings Limited Headquartered in Shenzhen, China, ATIF Holdings Limited (“ATIF”) i...