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NEW YORK, March 4, 2021 /PRNewswire/ Color Star Technology Co., Ltd. (NASDAQ: CSCW) (hereinafter referred to as Color Star or the Company ), today announced a strategic partnership between its subsidiary, Color China, and Zhongguang Telecom Ltd. (hereinafter referred to as Zhongguang Telecom ) in the hope that the two parties will use their respective advantages to jointly achieve an expanded user base and new marketing strategy.
Zhongguang Telecom is a national telecommunications operator approved by China s Ministry of Industry & Information Technology. It has licenses to operate in China s satellite communications, internet access, internet content provision, radio stations, and distance education sectors, and is one of China s fully licensed internet operating companies. The partnership between Color China and Zhongguang Telecom plans to focus on developing a new section in the layout of internet content (IP), as well as the applica