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Stock Market & Financial Investment News

News Breaks
August 4, 2014
07:09 EDTCNITChina Information enters into strategic partnership with CITIC Securities
China Information Technology announced that the Company entered into a strategic partnership with CITIC Securities. Pursuant to the partnership agreement, CITIC will provide a variety of corporate financial services including mergers and acquisitions, pension management, and brokerage services on a needed basis. During CNIT's strategic transition from traditional IT system integration to the cloud-based internet platform technology, CITIC will assist the Company in exploring various alternatives in China to enhance long-term shareholder value. In addition, CNIT and CITIC will collaborate to restructure CNIT's traditional IT system integration business, which generates lower margin and higher receivables than the emerging cloud-based internet platform services.
News For CNIT From The Last 14 Days
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January 21, 2015
06:03 EDTCNITChina Information announces contract to install 20K cloud-based terminals
China Information Technology announced that the company was selected by a leading advertising agency to install 20,000 cloud-based new media elevator terminals in Guangdong province. Depending on specific terminals, revenues from these installations will be recognized through one-time terminal sales and recurring monthly platform service fees as well as through recurring monthly fees that include terminal rental and platform service fees. The terminals are expected to be installed by the end of 2017.

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