Benzinga | Dec 27, 2021 08:32AM EST

Infobird To Acquire a 51% Stake in Shanghai Qishuo Network Technology, Terms Not Disclosed

With several years of development, Qishuo has gained deep insights into retail stores' operations, especially in the clothing and footwear industry. The customer base of Qishuo comprises several leading clothing brands in China. Infobird believes the acquisition of a 51% equity interest of Qishuo is an important complimentary and synergistic strategic initiative and is expected to enable Infobird to accelerate its expansion into the consumer products and retail industry. With the Qishuo transaction, Infobird expects to provide more comprehensive and industry-specific SaaS solutions that focus on the digitalization of customer engagement and retail stores' operation optimization.