Business
Nocera, Inc. Acquires Hangzhou SY Culture Media Co. Ltd., a Douyin Livestreaming e-Commerce Company
TAIPEI, TAIWAN / ACCESSWIRE / April 16, 2024 / Nocera, Inc. (NASDAQ:NCRA) ("Nocera" or the "Company"), a fully integrated sustainable seafood company focusing
About this update from Nocera, Inc.
[{"type":"text","content":"TAIPEI, TAIWAN / ACCESSWIRE / April 16, 2024 / Nocera, Inc. (NASDAQ:NCRA) (\"Nocera\" or the \"Company\"), a fully integrated sustainable seafood company focusing on manufacturing and operating land-based Recirculatory Aquaculture Systems (\"RASs\"), today announced that it has acquired the Douyin livestreaming e-commerce company, Hangzhou SY Media Co. Ltd. (\"SY Culture\"). The purchase price of the acquisition was 600,000 shares of Nocera common stock for 100% equity in SY Culture.SY Culture is a company focused on the Douyin livestreaming e-commerce sector, using a strategic livestream cloud and retail chain approach. SY Culture engages in interactive livestreaming activities such as chef demonstrations, food introductions, cooking shows, and ingredient selection recommendations to directly present and sell products to its users/consumers. Leveraging its established strategic foundation, SY Culture seamlessly integrates brands and operations via acquisitions and operational management of live-streaming hosts and channels, aiming to spearhead the Douyin livestreaming e-commerce arena.Andy Jin, Nocera's Chief Executive Officer, commented, \"Through this acquisition, Nocera strategically aims to fortify its foothold in acquiring content creating companies, while leveraging the expansive reach of platforms like the Douyin to amplify Nocera's brand awareness. With the Douyin boasting over 460 million livestreaming e-commerce users in mainland China, tapping into this thriving market presents an unparalleled opportunity.\"About Nocera, Inc.Nocera (NASDAQ: NCRA) is a fully integrated sustainable seafood company that provides land-based recirculation aquaculture systems for both fresh and saltwater fish and invests in fish farms by building high-tech RASs. The Company's main business operation consists of the design, development, and production of large-scale RASs fish tank systems, (aquaculture) for fish farms along with expert consulting, technology transfer, and aquaculture project management services to new and existing aquaculture facilities and operators. For more information, please visit the company's website at www.nocera.company.Cautionary Note Regarding Forward-Looking StatementsThis press release contains forward-looking statements that are inherently subject to risks and uncertainties. Any statements contained in this do...