Hunan and Hubei Provinces to invest less than 2.5 billion to develop smart cable TV services

The transformation of Hunan and Hubei (002306), which is known as the “private food and catering industry,” has gradually become clear. The final transformation will focus on big data and new media services.

The announcement of Hunan-European Hubei Province today signed an agreement with Anhui Radio and Television Information Network Co., Ltd. (hereinafter referred to as "Anguang Network") and plans to invest 1.5 billion to 2.5 billion yuan to open up the potential market for home smart cable terminal services. The company's stock market opened today to resume trading.

According to the agreement, both parties agreed that by the end of 2016, a new terminal with 5 million subscribers will be provided free of charge by the Hunan-European-Ethiopia network, and it will be responsible for completing the replacement of the cable set-top box of the 5 million subscribers of Anguang Networks by the new terminal.

According to the announcement, the new terminal is named Livebox Family Information Center, and Hunan-Europe is responsible for the customization of the new terminal's technical solutions, pricing, pricing, and purchase. Anguang Networks finally determines the product positioning, functional requirements, and standards for the new terminal of the project. The company expects to complete the replacement of 500,000 users in the first phase by January 1, 2015.

In May 2014, Hunan and Hubei Provinces had just established a transition to an Internet technology company. Whether or not the new terminal technology program can be customized as scheduled will be a major challenge for Hunan and Hubei.

The Hunan-European Union sentiment expressed that cooperation with Anguang Networks is another important progress and breakthrough in the new media big data business following the company’s partnership with the Shandong New Media Cooperative family cloud cloud terminal project. The users of the 5 million home smart cable cloud terminal Livebox in Anhui Province will cover more than 5 million TV sets, more than 20 million mobile phones, and more than 5 million PC and Pad users. On this basis, the company will establish a management and management platform. , Attract industry leaders to enter this platform for cooperation.

On the other hand, Hunan and Hubei provinces also initiated a capital increase for Tianmin Technology, a provider of data mining technology. The Hunan-European-Estonian situation plans to invest 50 million yuan in Tianzhu science and technology, and after the capital increase, the proportion of the equity of Hunan-European-Hunan-Sichuan science and technology will be 45%.

It is understood that Tianhao science and technology legal representative for the director of Hunan and Hubei Cheng Xueqi. Its predecessor was the Software Research Lab of the Computing Institute of the Chinese Academy of Sciences established in 1998. It specializes in the provision of Internet data mining analysis services and technical solutions. The main products include Tianxi monitoring system and services, Tianwei microblogging data analysis and monitoring system, Tianzhu website active detection system.

Tianyu Technology's valuation of the entire equity value of not less than 60 million yuan, Hunan and Hubei Province in the current capital increase of 50 million yuan to obtain its 45% stake in a premium of more than 50%.