Blue Hat Interactive Entmt Tec Stock Price, News & Analysis

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced its acquisition of 51% of Fuzhou Csfctech Co., Ltd., which will bolster its mobile gaming unit. Csfctech is developing five new games aimed at international markets, including titles like Qule King of Fishing War and Qule Battle The Landlord, expected to launch in 2021. The company anticipates monthly revenue of USD 0.3 million from these games. Blue Hat aims to leverage Csfctech's resources to enhance its market presence and drive revenue growth in the gaming segment.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced a definitive agreement to acquire 51% of Fuzhou Csfctech Co., Ltd. for RMB51.2 million (approx. USD7.77 million). The acquisition will close around December 31, 2020 and aims to enhance Blue Hat's mobile gaming portfolio. Csfctech, a mobile game developer with an international presence, will allow Blue Hat to expand its distribution platforms and increase sales. The transaction includes performance guarantees tied to net profit benchmarks for 2020, 2021, and 2022.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced a significant agreement with three preschools in Guangzhou to implement Augmented Reality Immersive Classes (ARIC). This move marks their strategic expansion in the Guangdong-Hong Kong-Macao Greater Bay Area. Previously, the company successfully demonstrated ARIC in eight other preschools. CEO Xiaodong Chen expressed optimism about the enthusiastic reception of ARIC, indicating further growth potential in the early education sector of the Greater Bay Area.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced a partnership with China Mobile to enhance its telecom services and data center capabilities. This cooperation aims to improve customer relations, service delivery, and brand awareness through value-added services based on the Internet Plus model. CEO Xiaodong Chen noted that this collaboration has increased traffic for mobile products and enhanced customer interaction. The agreement is expected to drive sustainable profits and expand brand recognition for Blue Hat's AR products.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The Company's shares have traded below US$1.00 for 30 consecutive days, violating Nasdaq Listing Rule 5550(a)(2). The Company has until May 5, 2021 to regain compliance, during which it can remain listed. If it closes above US$1.00 for 10 consecutive days, compliance will be achieved. If not, it may be eligible for additional time or face delisting.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has partnered with six kindergartens in Xiamen, China, to implement Augmented Reality Immersive Classes (ARIC), aiming to engage over 50 kindergartens by year-end. The ARIC initiative uses existing school infrastructure to offer interactive learning experiences, providing real-time behavioral data for teachers and parents. CEO Xiaodong Chen highlighted the dual educational and entertainment value of their AR products, fostering personalized learning and closer home-school relationships.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced a joint venture with Fujian Youth Hand in Hand Educational Technology and Guangzhou Tongsheng Education Technology to provide Augmented Reality Immersive Classes in Guangzhou over the next three years. The initiative aims to reach 320 preschools, with gradual implementation across three years. The company anticipates benefiting from the Greater Bay Area's educational informatization and aims to enhance its market share with well-received ARIC products.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) has signed an updated Letter of Intent to acquire 51% of Fuzhou Csfctech Co., Ltd., a mobile game developer in China, aiming to enhance its AR interactive entertainment offerings. The acquisition, previously announced in late 2019, is projected to close in Q4 2020, pending due diligence and regulatory approvals. The deal's value is tied to Csfctech's performance, with guarantees set for net profits through 2022. This strategic move aims to integrate resources and expand market reach across Asia and Africa.

Blue Hat Interactive Entertainment Technology (NASDAQ: BHAT) announced positive results from its Direct-to-Consumer (DTC) partnership with Xing Meng Wei Lai on Sept. 23, 2020. Over an initial two-month period, live shows drew an audience of over 50,000, achieving a 20% click-through rate—significantly higher than the industry average of 10%-12.5%. The transaction conversion rate reached nearly 7%, with around 250 products sold, establishing a solid foundation for content e-commerce. CEO Xiaodong Chen expressed optimism about future marketing initiatives and ongoing customer engagement.