Business
Pop Culture Group Announces the Establishment of New Subsidiary to Facilitate Intelligent Business Development
XIAMEN, China, Aug. 19, 2022 /PRNewswire/ -- Pop Culture Group Co., Ltd ("Pop Culture" or the "Company") (Nasdaq: CPOP), a hip-pop culture company in China,
About this update from Pop Culture Group Co., Ltd
[{"type":"text","content":"XIAMEN, China, Aug. 19, 2022 /PRNewswire/ -- Pop Culture Group Co., Ltd (\"Pop Culture\" or the \"Company\") (Nasdaq: CPOP), a hip-pop culture company in China, today announced the establishment of Guangzhou Digital Intelligence Communication Culture Co., Ltd. (\"DICC\"), a wholly-owned subsidiary of the Company created to facilitate the business development of \"POPIDEA\", the intelligent business sector, among the Company's three core business sectors. DICC is expected to upgrade the Company's conventional business services and strategies to provide clients with the communication solutions it refers to as \"Smart Digital (\"Smart D\")\".\nSmart D of DICC has a variety of one-stop services, including:\nProviding digital and intelligent communication solutions through integrating data, think tanks, and online and offline communication scenarios.Amplifying the effect of integrated marketing by using big data tools and various means of communication.Providing creative design and strategy consultations, guided by the think tanks, and providing creative and visionary strategic solutions.Organizing events and activities by adopting relevant strategies and allocating valued resources.The Company expects to continuously work to upgrade all of its core business sectors and it has, accordingly, proposed a strategic plan it refers to as the \"POPSPACE\" (hereinafter, the \"Plan\") to accomplish this. Smart D is a critical part of the Plan, as it will provide an important solution to clients' demands for intelligent communication. Centered around the Company's sports business sector, \"POPSPORTS\", the Plan will also provide services to street dance talents and help them participate in the sporting events. The Company expects to put a new street dance base into operation soon, as another part of the Plan, to facilitate the sports business. \"CPOPMETA\" is also a part of the Plan, associated with the Company's entertainment business sector, \"POPFUN\", with products protected by Non-Fungible Tokens (NFTs), which will be powered by Smart D services.\nMr. Zhuoqin Huang, the Chairman and Chief Executive Officer of Pop Culture, commented, \"We are excited about the establishment of DICC and providing clients with our unique intelligent communication solution, Smart D. This is not only a reflection of our progress in upgrading our business, but ...