Jianzhi Education Technology Group Company Limited (NASDAQ: JZ) saw its shares tail off Monday on announcing that the Company’s subsidiary Shanghai Ang’you Internet Technology Co., Ltd. has entered into strategic cooperation agreement with Jinqiao Management Bureau of Shanghai Pilot Free Trade Zone on its vocational training online platform.
The cooperation was formed as part of Shanghai Pudong New Area’s initiatives to facilitate the empowerment of real economy with online platforms. Ang’you’s innovative vocational training platform is among the first fleet of online platform projects that are recognized as key economic development projects by Pudong New Area.
During the signing ceremony held last week, Pudong local governors said they will build a business hub for online platform companies in Pudong New Area and specified that platform economy is a fundamental component of digitalized economy, which plays an integral part of commissioning a solid development of real economy. Pudong district will coordinate resources from different government departments to lay out and execute strategic plans to make real impact and achievements for the economic growth of Pudong New Area, facilitated by a community of thriving platform companies.
Headquartered in Beijing and established in 2011, Jianzhi is a leading provider of digital educational content in China and has been committed to developing educational content to fulfill the massive demand for high-quality, professional development training resources in China. Jianzhi started operations by providing educational content products and IT services to higher education institutions. Jianzhi also provides products to individual customers
JZ shares lost seven cents, or 4.9%, to $1.33.
