Welcome to our dedicated page for Jiuzi Holdings news (Ticker: JZXN), a resource for investors and traders seeking the latest updates and insights on Jiuzi Holdings stock.
Jiuzi Holdings, Inc. (NASDAQ: JZXN) is a China-based company that has reported activities in new energy vehicle dealerships, new energy infrastructure services, and, more recently, digital asset and Bitcoin-focused finance. The JZXN news page on Stock Titan aggregates company-issued press releases and other coverage so readers can see how Jiuzi’s strategy and capital markets activity are evolving over time.
Recent announcements highlight Jiuzi’s shift toward cryptocurrency and digital asset services. The company has described a phased rollout of a large cryptocurrency acquisition plan, including Bitcoin-denominated private placements and a focus on building an intelligent digital asset custody platform and encrypted storage systems. It has also reported securing Bitcoin through private placement transactions and outlined how these funds are intended to support its infrastructure service capabilities in the digital economy.
News items also cover Jiuzi’s strategic cooperation agreements with organizations in the Bitcoin and DeFi ecosystem, such as the SOLV Foundation and BitFi, as well as a cooperation agreement with EXSAT.NETWORK LTD related to institutional-grade cryptocurrency depository and custody services. These releases explain how Jiuzi aims to integrate Bitcoin holdings with staking, yield products, and structured finance solutions while referencing compliance with SEC regulations and Nasdaq listing requirements.
In addition, the news feed includes updates on equity financings, private placements, reverse stock split plans, and corporate governance changes disclosed through press releases. Investors and observers can use this page to review how Jiuzi communicates its strategic focus on new energy, fintech, and digital assets, and to track key milestones such as financing agreements, partnerships, and treasury initiatives.
Jiuzi Holdings, Inc. (NASDAQ: JZXN) announced a strategic cooperation with Zhejiang Shuke Automobile Service Co. Ltd. to enhance its new energy vehicle sales through its subsidiary, Hangzhou Jiuyao New Energy Automobile Technology Co. Ltd. This agreement allows Jiuyao to sell Shuke's electric vehicles and access a credit line of up to 100 million yuan. The collaboration aims to leverage Shuke's distribution network and financial expertise. Jiuzi's CEO expressed optimism about the benefits expected from this partnership, as it aligns with their expansion in the EV market.
Jiuzi Holdings, Inc. (NASDAQ: JZXN) has officially launched its subsidiary, Hangzhou Jiuyao New Energy Automobile Technology Co. Ltd., focusing on a procurement platform for new energy vehicles (NEVs) aimed at business customers. The joint venture with Hubei Yaonin Chuxing integrates resources to aid corporate clients in cost-effective NEV procurement. The platform aims to enhance Jiuzi's 'ToB' strategy and meet the rising demand for EVs in China, aligning with the country's carbon neutrality goal by 2060. Jiuzi operates 31 franchise stores and one company-owned store across China.
Jiuzi Holdings, Inc. (NASDAQ: JZXN) announced a strategic cooperation agreement with Anji Chuangxing New Energy Auto Sales Co. Ltd. on April 30, 2022. This agreement aims to enhance the electric vehicle (EV) industry by promoting innovative travel formats, ensuring reliable EV applications for long-distance transport, and developing an investment system for EV transportation. The collaboration is expected to benefit the tourism market in Huzhou city, which prioritizes low-carbon travel. Anji Chuangxing intends to provide RMB50-100 million to support Jiuzi's purchases of various EV brands.
Jiuzi Holdings, Inc. (NASDAQ: JZXN) announced an acquisition of a 72.05% equity interest in Huizhou Jiwo Automobile Sales Service Co., Ltd. from Guangdong Huarui, a subsidiary of Geely Auto Group, on April 11, 2022. The Target is the sole dealer for Geometry EVs in Huizhou, having sold over 1,000 units in 2021. CEO Shuibo Zhang highlighted the strategic importance of this acquisition for enhancing competitiveness and driving growth in the new energy vehicle market. This move aims to expand JZXN's presence in Southern China and leverage the Geometry brand for future sales.
Jiuzi Holdings, Inc. (NASDAQ: JZXN) has signed a one-year strategic cooperation agreement with Jiangsu Skywell Automobile Co., Ltd. The agreement allows Jiuzi to use the 'Skyworth' trademark and sell the new EV6 SUV series during 2022-2023, with a plan to purchase 500 electric vehicles. The EV6 features a range of up to 600km for the full-electric variant. CEO Shuibo Zhang highlighted the agreement's potential to generate approximately RMB60 million in income, reinforcing Jiuzi's commitment to expanding its presence in China’s new energy vehicle market.
Jiuzi Holdings, Inc. (NASDAQ: JZXN) reported a 16.15% increase in net revenues for fiscal year 2021, totaling $9.54 million, up from $8.21 million in 2020. Gross profit from new energy vehicle sales rose to $0.04 million, a 36.20% increase. However, net income fell by 77.27% to $0.78 million, with earnings per share declining to $0.04. Despite COVID-19 challenges, the company expanded its franchise network and cash reserves to $7.37 million. Future growth is supported by new strategic partnerships and plans for a customer management platform.
Jiuzi Holdings, Inc. (NASDAQ: JZXN), a new energy vehicle retailer in China, announced a one-year strategic cooperation agreement with Jiangsu Jemmell New Energy Vehicle Industry Co., Ltd. Under this agreement, Jiuzi will sell Jemmell's LINGBOX series electric vehicles during 2022-2023, purchasing up to 5,000 units. Jemmell will provide favorable sales policies, and both companies will collaborate on business initiatives. The partnership is projected to generate RMB60 million in sales, enhancing Jiuzi's growth potential in the electric vehicle market.
Jiuzi Holdings, Inc. (NASDAQ:JZXN) announced a two-year strategic cooperation agreement with Zhejiang Farizon Zhitong Technology Co. Ltd. on December 25, 2021. The collaboration aims to explore the use of new energy delivery vehicles within China's express delivery network, partnering with leading companies like ZTO Express. Jiuzi will leverage its existing relationships to promote Farizon's vehicles, benefiting from preferential purchase policies. CEO Shuibo Zhang expressed optimism about this partnership, emphasizing its potential financial contributions and industry recognition for Jiuzi in the new energy vehicle market.
On January 19, 2022, Jiuzi Holdings, Inc. (NASDAQ:JZXN) announced that its subsidiary, Zhejiang Jiuzi New Energy Vehicles Co., Ltd., received the "2021 Annual Industry Leading Enterprise" Award at the 5th Boao Enterprise Forum in Hainan, China. This recognition highlights the company's strong performance and brand influence in the new energy vehicle sector. Chief Operation Officer Qi Zhang represented the company and discussed its strategies for O2O vehicle retail services aimed at enhancing collaboration in the industry. Jiuzi aims to support China's environmental goals through innovative NEV solutions.
Jiuzi Holdings, Inc. (NASDAQ: JZXN) has received a cash subsidy of RMB 10 million from the Xiaoshan District government in Hangzhou, China. This incentive is part of the 'Phoenix Action 2.0' plan, aimed at boosting local enterprises that successfully accessed capital markets. Jiuzi is highlighted as the only U.S.-listed company from Xiaoshan in 2021. CEO Shuibo Zhang emphasized that this recognition supports Jiuzi's growth strategy and commitment to achieving carbon neutrality in China by 2060, while expanding their new energy vehicle retail ecosystem.