Alibaba’s next crown jewel in the making
In August 2016, Alibaba Group (NYSE:BABA), China’s biggest e-commerce giant, purchased a controlling stake in a little-known HK-listed company called AGTech (OTCPK:AGTEF, 8279 HK). AGTech is a twelve-year-old company and China’s largest lottery technology service provider. Since the acquisition in August, there have been several transformational business developments, but the market has not taken notice of any of them. AGTech is either completely off investors' radar, or investors are choosing to ignore these significant events in the company. This period of confusion or ignorance is an exceptional opportunity to own Alibaba’s next crown jewel before the world discovers its immense potential. Buy AGTech.
What did Alibaba buy in AGTech?
Alibaba bought the industry’s best-in-class team of seasoned veterans with 20+ years of experience, expertise, and proven track records in running the lottery business in China with the highest ethical values.
AGTech is China's largest lottery content, hardware, and service provider with the biggest footprint, currently working with 29 of 30 provinces in both national Welfare and Sports lottery governing bodies.
The company has been consulting many provincial authorities on how to implement and run various lottery businesses. Many of these consulting relationships are still strong and will serve to open doors in the future.
It brings excellent relationships with world's best gaming companies that are anxious to expand their relationships. Scientific Games, IGT, Aristocrat Leisure, Ladbrokes, and MicroGaming, to name a few.
AGTech is the only company in the history of the Chinese lottery industry to have two virtual sports lottery games approved for national distribution by the Ministry of Finance. (Lucky Racing in 2013 and e-ball in 2014.)
It is the only public company to have successfully passed the much-scrutinized industry audit that lasted 2.5 years that kicked out many public companies
