Invengo

Invengo Information Technology Co., Ltd.
TypePublic
SZSE: 002161
IndustryInternet of things
Founded1993[1]
FounderXu Yusuo[2]
Headquarters
Shenzhen
Area served
Worldwide
Key people
Chen Guangzhu (chairperson)
ProductsRFID products
Websitewww.invengo.com

Invengo (Chinese: 远望谷; SZSE: 002161), fully referred to as Invengo Information Technology Co., Ltd.,[3] also known as Yuanwanggu,[4] is a Chinese IoT developer[5] founded by Xu Yusuo in 1993. It was listed on the Shenzhen Stock Exchange in August 2007.[6] Its main products are RFID and related products.[7] It is the first public company in the RFID industry in domestic China,[8] and a provider of Magic Passports for the Shanghai Disney Resort.[9] The company was funded by Delta Capital,[10] and the VC arm of UOB.[11]

Headquartered in Shenzhen,[12] Invengo established operations in South Korea, Singapore, Australia, and the US,[13] among others. It acquired FE Technologies, SML and other RFID companies.[14] In 2007, it implemented an $80 million RFID program for the Chinese Ministry of Railways.[15] In September 2023, it participated as a contractor in the Guangxi Regional Cooperation and Integration Promotion Investment Program, which was financed by the Asian Development Bank.[16]

History

In 1993, Invengo was formed in Shenzhen.[17] In the same year, it set up Invengo Textile Services in France.[18] It initiated the introduction of VC in 2003.[19] In 2007, it landed on the SME Board,[20] under the symbol "002161.SZ".[21]

In 2010, Invengo derived more than half of its revenue from railway contracts.[22] In 2014, it took part in the development of the Australian app AUDIO.[23] In the same year, it purchased FE Technologies.[24]

Invengo's total revenue in the first quarter of 2016 exceeded 100 million yuan.[25] In 2018, OEP 10 B.V. was bought by the firm.[26] In March 2021, its textile services business was purchased by HID Global.[27]

References

  1. ^ Jay Swift (April 29, 2009). "Invengo finds North American distributor". SecureIDNews. Archived from the original on November 3, 2023.
  2. ^ "China Accelerates the Pace of Infrastructure Development". Radio Free Asia. October 30, 2012. Archived from the original on November 3, 2023.
  3. ^ Zhao Xinjian; Tan Fang; Liu Liyan; Chen Yirun (November 18, 2018). "How to Cultivate Application-Oriented Undergraduates – The Growth Path of an Outstanding Graduate on E-Commerce Major" (PDF). Education Resources Information Center. Archived (PDF) from the original on October 5, 2023.
  4. ^ James Griffiths (February 8, 2022). "A craze over Olympic plush toy Bing Dwen Dwen has sparked long lines, pricey re-sales". The Globe and Mail.{{cite web}}: CS1 maint: deprecated archival service (link)
  5. ^ Li, Jane (February 9, 2022). "China's craze for Eileen Gu is spilling over to its stock markets". Quartz. Archived from the original on November 9, 2023.
  6. ^ "Gu Ailing's gold medal win makes public company Invengo hit its upper limit". Yahoo News. Central News Agency. February 9, 2022. Archived from the original on November 10, 2023.
  7. ^ "Asia's 200 Best Under A Billion: Shenzhen Yuanwanggu Information Technology". Forbes. September 21, 2008. Retrieved December 21, 2023.{{cite web}}: CS1 maint: deprecated archival service (link)
  8. ^ Fang Hua (February 9, 2022). "Eileen Gu's Gold Win Sends a Public Company's Share Price Soaring". RFI. Archived from the original on November 2, 2023.
  9. ^ Davis-Friedman, Samantha (September 5, 2023). "Details revealed for Zootopia-themed land at Shanghai Disneyland". Attractions Magazine. ISSN 2470-8364. Archived from the original on January 6, 2024.
  10. ^ Sonja Cheung (August 24, 2012). "China's Delta Capital Secures $200M for First Dollar Fund". The Wall Street Journal. Archived from the original on 2023-11-05.
  11. ^ "UOB Annual Report 2007" (PDF). UOB. April 30, 2008. Archived (PDF) from the original on October 13, 2023.
  12. ^ Amanda Jones Hoyle (April 19, 2013). "Chinese firms pick Triangle for manufacturing". Triangle Business Journal. Archived from the original on April 30, 2013.
  13. ^ Peter Begg (October 14, 2015). "A New Hi-Tech Way to Borrow a Book". Geelong Advertiser. Archived from the original on September 23, 2023.
  14. ^ Jin-Kyu Baek (September 13, 2017). "China's craze for Eileen Gu is spilling over to its stock markets". NewsPim. Archived from the original on November 9, 2023.
  15. ^ Electronics Weekly Staff (August 28, 2007). "China is biggest market for RFID technology". Electronics Weekly. Archived from the original on October 6, 2023.
  16. ^ "Guangxi Regional Cooperation and Integration Promotion Investment Program - Tranche 2". Asian Development Bank. September 20, 2023. Retrieved December 21, 2023.{{cite web}}: CS1 maint: deprecated archival service (link)
  17. ^ Zheng Hanliang (October 31, 2012). "The IoT industry in Shenzhen is booming". RFI. Archived from the original on October 6, 2023.
  18. ^ Chopping, Dominic (March 3, 2021). "Assa Abloy Buys Inventory Management Platform Invengo Textile Services". Dow Jones & Company. Archived from the original on October 24, 2021.
  19. ^ Wuhong Yuran (October 30, 2012). "The IoT Industry to boost the RFID communication network and equipment market". Caixin. Archived from the original on November 1, 2012.
  20. ^ Tan Ye (November 5, 2012). "Chinese and Foreign Iot Development Stands on the Same Starting Line". Financial Times.{{cite web}}: CS1 maint: deprecated archival service (link)
  21. ^ "Olympic fever spreads to China's stock market". Reuters. February 8, 2022. Archived from the original on November 9, 2023.
  22. ^ He Huifeng (October 31, 2012). "Billionaire company chief Xu Yusho held for alleged railway bribery". South China Morning Post.{{cite web}}: CS1 maint: deprecated archival service (link)
  23. ^ Bridget Fitzgerald (April 30, 2014). "App to tackle counterfeit goods". ABC News. Archived from the original on September 23, 2023.
  24. ^ Marshall Breeding (February 13, 2021). "Smarter Libraries through Technology". American Library Association. Archived from the original on October 3, 2023.
  25. ^ "Invengo Information Technology Q1 profit falls YOY". S&P Global. April 28, 2016. Archived from the original on October 6, 2023.
  26. ^ "Invengo Information Technology Co., Ltd. Completes Acquisition of OEP". Federal Trade Commission. August 14, 2018. Archived from the original on October 4, 2023.
  27. ^ ABJ staff (March 10, 2021). "Property managers join to create huge national company as tech companies come together". Austin Business Journal.{{cite web}}: CS1 maint: deprecated archival service (link)

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