Bairong Inc. to Acquire 52% Equity in Beijing All Union Technology Corp.

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BEIJING, Nov. 1, 2021 /PRNewswire/ — Bairong Inc (“Bairong” or “the Company”, 6608.HK), a leading independent AI-powered technology platform in China, announced lately that it has reached an agreement to acquire 52% of the equity interest in Beijing All Union Technology Corp. with RMB155.99 million.

Beijing All Union Technology is a leading comprehensive solution service provider in China that assists banks in carrying out intelligent user operations. It has developed an intelligent routing distribution platform that connects banks, users, scenarios, and merchants and a one-stop cloud equity SaaS platform. Beijing All Union Technology was awarded various titles and honors including high-tech enterprise, specialized new enterprise and gazelle enterprise etc., as a recognition of its industry and technology advantages. Since its establishment, Beijing All Union Technology has established strategic partnerships with major state-owned and large…

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