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Guofu Data listed at OTC
DATE 2014-04-15 HIT 1678
AUTHOR  admin

By Wu Yixiang

The Shanghai Guofu Data Cloud Computing Technology Co Ltd was listed at the OTC market on March 31, becoming the fifth of the kind at the Caohejing Hi-Tech Park.

It gained the firm support from the Caohejing Entrepreneurship Center on its way to becoming a hi-tech firm.

“The center has provided solutions for Guofu to gain funds,” said a senior manager from the company.

Fuguang has been committed to R&D of cloud computing and big data technologies, making great achievements in developing an education resource platform, IDC room business, bandwidth business, a remote intelligent interactive media real-time broadcast system, the cloud computing operation technology, a big data business operating system and the video search technology.

It has signed long-term contracts with Qihoo, 360, China Telecom and the education authorities in some provinces.

It has also cooperated with famous research institutions from home and abroad to set up joint labs to develop management and application software on the basis of cloud computing and big data technologies.

“With the labs, we can provide solutions for the related industries,” said the manager.

OTC is a market for specific investors to transfer shares and increase directional capital. It provides financial services for small and medium-sized technology firms which are not qualified to be listed at stock exchanges. Caohejing had four firms listed at the OTC market in 2012.

Caohejing has been committed to combining finance with technology with a strong focus placed on supporting innovative technology firms.

“A multi-level capital market has been set up to help those enterprises gain funds directly from the capital market,” said a senior manager from the center.

Caohejing has cooperated with many investment institutions, including Shenyin & Wanguo Securities and CITIC Securities, to help its firms to be listed.

 
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