JX Luxventure signs $5 million tech deal with Beijing Shuhangtong

HAIKOU - JX Luxventure Group Inc. (NASDAQ:JXG), trading at a modest P/E ratio of 0.96 and showing strong revenue growth of 56.5% over the last twelve months, announced Tuesday that its subsidiary has entered into a technology services agreement worth approximately $5 million with Beijing Shuhangtong Information Technology Co.

Under the agreement signed Monday, Beijing Shuhangtong will purchase customized AI intelligent cross-border pharmacy equipment, ERP management systems, and store distribution systems from JX Luxventure’s subsidiary, Jinxuan (Hainan) Digital Technology Co. The deal also includes secondary development, technical research, and three-year maintenance services. According to InvestingPro data, the company maintains a healthy financial position with a good overall health score, suggesting strong operational capabilities.

The partnership aims to leverage Hainan’s Free Trade Port policies to enhance supply chain efficiency for duty-free cross-border pharmaceutical and consumer goods distribution, according to the company’s press release statement.

JX Luxventure Group, headquartered in Haikou, China, describes itself as a technology company engaged in integrated tourism services, including tourism, duty-free cross-border goods, and e-commerce technology solutions.

The agreement represents a procurement commitment that the company claims will help connect global brands with China’s duty-free market through its logistics, compliance expertise, and technology platform.

Trading of JX Luxventure shares on the Nasdaq remained relatively unchanged following the announcement, though the stock has experienced significant volatility, declining 80.8% year-to-date. InvestingPro offers 13 additional investment tips and extensive financial metrics to help investors make informed decisions about JXG stock.

In other recent news, JX Luxventure Group Inc. announced a significant development involving its subsidiary, Jin Xuan (Hainan) Holding Group Co., Ltd. The subsidiary has secured a strategic cooperation agreement valued at $15 million. This agreement was made with Qingxiang (Hainan) Cross-Border E-Commerce Co., Ltd., highlighting a notable partnership in the cross-border e-commerce sector. The deal was formalized with the signing of the 2025 Strategic Cooperation Framework Agreement. These recent developments reflect JX Luxventure’s ongoing efforts to expand its business operations and partnerships. The announcement was made public through a press release, emphasizing the importance of this collaboration. Investors may find this strategic move noteworthy as it aligns with the company’s future growth plans.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.