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Stock impact report

CNIT Announces Taoping Alliance Enters into the Nationwide County-level Market

CHINA INFORMATION TECH INC BVI (0 PAR) (CNIT) 
Company Research Source: GlobeNewswire
SHENZHEN, China, May 22, 2018 (GLOBE NEWSWIRE) -- China Information Technology, Inc. (Nasdaq: CNIT), a leading provider of internet-based ad distribution and ad display terminal sharing systems in China, today announced that Taoping Alliance, a new media operating organization founded by CNIT and Shenzhen Taoping New-Media Limited, is vertically penetrating into the nationwide county-level market. Covering Fujian, Jiangsu, Shanxi, Hubei, and Guangdong province, Taoping Alliance takes the lead in the nationwide county-level market that includes Jinjiang, Shishi, Anxi, Dehua, Yongchun, Nanan, Hui'an, Zhangjiagang, Jixian, Macheng, and Huidong city. Since its establishment in May 2017, the members of Taoping Alliance have increased to fifty-one and the coverage is over twenty-two provinces and provincial cities throughout China. “Taoping Alliance as the first-mover to enter the county-level market is the result of continuing to deepen the market cultivation and development after it h Show less Read more
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