Latest news with #EHGO
Yahoo
6 hours ago
- Business
- Yahoo
Eshallgo Inc. (Nasdaq: EHGO) Expands into Enterprise-Level AI Solutions: Targeting China's Rapidly Growing Intelligent Office Market
EHGO launches a suite of scenario-specific AI solutions designed to address critical needs in enterprise environments eShallgo, inc. Photo New York, July 22, 2025 (GLOBE NEWSWIRE) -- SHANGHAI, July 22, 2025 — Eshallgo Inc. ('Eshallgo' or the 'Company') (Nasdaq: EHGO), a leading provider of integrated office solutions in China, today announced the official launch of its new business initiative focused on enterprise-level artificial intelligence (AI). The Company is leveraging its extensive office services infrastructure to enter the intelligent office AI segment through a fully integrated hardware-software platform, accelerating its presence in one of China's most dynamic digital transformation markets. "With our official entry into the enterprise AI sector, Eshallgo is not just adapting to the future — we are building it," said Qiwei Miao, Chief Executive Officer of Eshallgo. "Our vision is to empower every enterprise with intelligent tools that create value through automation, security, and strategic insight. We believe this transformative growth will unlock significant long-term shareholder value." Well- Positioned to Capture Value in a Multi-Billion Dollar Intelligent Office OpportunityAccording to data from the China Academy of Information and Communications Technology (CAICT), the total value of China's AI industry exceeded RMB 700 billion (~USD 96 billion) in 2025, with sustained annual growth above 20%. Within this, the enterprise-focused AI application market is expanding rapidly as businesses modernize office operations, streamline internal processes, and integrate AI-driven automation. Zheshang Securities has said to be projecting that China's AI all-in-one device segment alone will grow from RMB 123.6 billion (~USD 17 billion) in 2025 to over RMB 520.8 billion (~USD 71 billion) by 2027, reflecting a compound annual growth rate (CAGR) exceeding 60%. Globally, the market for AI in enterprise applications is expected to reach USD 200 billion by 2026, driven by increasing demand for intelligent workflow automation, secure knowledge management, and real-time decision support systems. From Office Solutions to Smart Enterprise EnablementAs generative AI and large language models unlock new levels of functional intelligence, enterprises are under pressure to modernize legacy systems and accelerate digital transformation. Eshallgo, with years of experience in office integration and a nationwide enterprise customer base, is well-positioned to bring AI innovation directly into business environments. The Company is launching a new family of scenario-specific AI solutions designed to address critical needs in enterprise environments, including: Workflow automation and internal process optimization Cost reduction through intelligent resource scheduling Enhanced competitiveness via real-time analytics and smart decision tools Robust data security and compliance enforcement Smarter collaboration across hybrid and distributed teams Enterprise AI Product Roadmap and Commercialization MilestoneEshallgo has partnered with leading domestic AI R&D teams to jointly develop enterprise-grade intelligent applications. The Company recently completed internal testing for its flagship enterprise-level AI platform, with a working demo now available for selected enterprise customers. This marks a key milestone on Eshallgo's path to commercializing intelligent office solutions tailored to the needs of China's enterprise clients. Fulfilling Unmet Demand in Enterprise AI ScenariosThe initial product suite will include intelligent document management, automated task routing, smart procurement assistance, and cybersecurity-enhanced collaboration tools—all designed with modular architecture for integration into existing IT systems. Eshallgo's goal is to address previously underserved enterprise use cases where traditional software lacks real-time learning, adaptive workflows, or decision-making automation. By focusing on scenario-based intelligence, Eshallgo aims to close a critical gap in China's enterprise AI landscape while creating value through efficiency, security, and agility in day-to-day business operations. About eShallgo, Inc. (Nasdaq: EHGO) is a leading digital-first office solution provider headquartered in Shanghai, China. Through its integrated platform, the Company offers enterprise-grade hardware, printing services, software subscriptions, and technical support to small and medium-sized businesses across China. Leveraging data analytics and automation, eShallgo delivers cost-efficient and scalable solutions that empower businesses to digitize and streamline their back-office operations. For more information and real-time investor updates, please visit the Company's new investor portal at Follow us on social media: LinkedIn, Facebook, and X. Forward-Looking StatementsAll statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC. Investor and Media Contact:Tony SklarInvestor Relations – eShallgo, About eShallgo, Inc. eShallgo, Inc. (Nasdaq: EHGO) is a leading digital-first office solution provider headquartered in Shanghai, China. Through its integrated platform, the Company offers enterprise-grade hardware, printing services, software subscriptions, and technical support to small and medium-sized businesses across China. Leveraging data analytics and automation, eShallgo delivers cost-efficient and scalable solutions that empower businesses to digitize and streamline their back-office operations. For more information and real-time investor updates, please visit the Company's new investor portal at Follow us on social media: LinkedIn, Facebook, and X. Attachment eShallgo, inc. Photo
Yahoo
07-07-2025
- Business
- Yahoo
EHGO and Photonetco Form Exclusive National Partnership to Expand in China's Office Equipment Market
SHANGHAI, July 7, 2025 /PRNewswire/ -- Eshallgo Inc. (Nasdaq: EHGO), a leading provider of integrated office solutions in China, today announced that its wholly owned subsidiary, Shanghai ESHALLGO Enterprise Development (Group) Co., Ltd. ("ESHALLGO Group"), has entered into a nationwide strategic partnership agreement (the "Agreement") with Tianjin Photonetco Electronic Technology Co., Ltd. ("Photonetco"), one of China's top three office equipment manufacturers. The Agreement appoints EHGO as Photonetco's exclusive national strategic partner, underscoring a critical advancement in EHGO's efforts to expand within China's growing office equipment market. According to Cognitive Market Research, China's office printer market alone is valued at over USD 5 billion as of 2024, and is expected to grow at a compound annual growth rate (CAGR) of 6% through 2031. When including office consumables, services, and broader enterprise integration, the total addressable market exceeds USD 10 billion, driven by national policies promoting domestic technology adoption, data security, and procurement independence among Chinese enterprises. Under the agreement, Photonetco will provide EHGO with more than 10 custom-developed printer models, ranging from entry-level to enterprise-grade categories, and grant EHGO nationwide distribution rights for both hardware and consumables. EHGO will also gain access to Photonetco's comprehensive national after-sales service and maintenance network. In addition, Photonetco will support EHGO through professional technical training, authorized service station support, formal authorization documentation for EHGO and its affiliates, and the provision of promotional and marketing materials as needed to strengthen market development and brand promotion efforts. In return, EHGO will be committed to meeting minimum purchase targets and maintaining sufficient inventory to ensure uninterrupted nationwide supply. EHGO will strictly adhere to Photonetco's rigorous channel management and compliance requirements, including regular sales reporting, transparent project registration, and strict protection of brand reputation and market integrity. This strong framework underscores both parties' dedication to long-term collaboration and the high standards required to serve China's growing enterprise market. The two companies have a longstanding commercial relationship through Junzhang Digital Technology (Shanghai) Co., Ltd., an EHGO subsidiary that has been a licensed distributor of Photonetco products. This new agreement formalizes and significantly expands the scope of that relationship. "Localization is reshaping China's enterprise procurement landscape. Our partnership with Photonetco enables EHGO to accelerate its strategic presence during this transition by delivering secure, high-performance, and cost-effective solutions tailored for domestic demand," said the EHGO management team. Founded over 70 years ago, Photonetco introduced China's first fully self-developed black-and-white laser printer in 2010 and has remained at the forefront of secure printing solutions through continuous investment in independent R&D and intelligent manufacturing. This collaboration strengthens EHGO's ability to offer a differentiated and competitive office equipment portfolio to Chinese enterprises and government entities alike. The partnership reinforces EHGO's mission to support national industrial upgrading, broaden its proprietary offerings, and drive long-term shareholder value through participation in one of the most promising segments of China's technology-enabled enterprise market. Sources: Cognitive Market Research, Office Printer Market Report – China, 2024–2031https:// About Eshallgo Inc Eshallgo, Inc is one of China's leading office solution providers with a global perspective. The company focuses on two market segments: the sales and leasing of office supplies, as well as after-sales maintenance and repair services. With a wide-ranging presence across 20 provinces in China, its mission is to become an all-in-one office integrator and service provider, offering competitive comprehensive office solutions and services, expanding into service markets beyond office equipment, and continuously creating maximum value for customers. For more information, please visit the company's official website at and Forward-Looking Statements All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC. For more information, please contact:Tony SklarSW Investor Relationir@ View original content: SOURCE Eshallgo Inc
Associated Press
07-07-2025
- Business
- Associated Press
EHGO and Photonetco Form Exclusive National Partnership to Expand in China's Office Equipment Market
SHANGHAI, July 7, 2025 /PRNewswire/ -- Eshallgo Inc. ( Nasdaq: EHGO ), a leading provider of integrated office solutions in China, today announced that its wholly owned subsidiary, Shanghai ESHALLGO Enterprise Development (Group) Co., Ltd. ('ESHALLGO Group'), has entered into a nationwide strategic partnership agreement (the 'Agreement') with Tianjin Photonetco Electronic Technology Co., Ltd. ('Photonetco'), one of China's top three office equipment manufacturers. The Agreement appoints EHGO as Photonetco's exclusive national strategic partner, underscoring a critical advancement in EHGO's efforts to expand within China's growing office equipment market. According to Cognitive Market Research, China's office printer market alone is valued at over USD 5 billion as of 2024, and is expected to grow at a compound annual growth rate (CAGR) of 6% through 2031. When including office consumables, services, and broader enterprise integration, the total addressable market exceeds USD 10 billion, driven by national policies promoting domestic technology adoption, data security, and procurement independence among Chinese enterprises. Under the agreement, Photonetco will provide EHGO with more than 10 custom-developed printer models, ranging from entry-level to enterprise-grade categories, and grant EHGO nationwide distribution rights for both hardware and consumables. EHGO will also gain access to Photonetco's comprehensive national after-sales service and maintenance network. In addition, Photonetco will support EHGO through professional technical training, authorized service station support, formal authorization documentation for EHGO and its affiliates, and the provision of promotional and marketing materials as needed to strengthen market development and brand promotion efforts. In return, EHGO will be committed to meeting minimum purchase targets and maintaining sufficient inventory to ensure uninterrupted nationwide supply. EHGO will strictly adhere to Photonetco's rigorous channel management and compliance requirements, including regular sales reporting, transparent project registration, and strict protection of brand reputation and market integrity. This strong framework underscores both parties' dedication to long-term collaboration and the high standards required to serve China's growing enterprise market. The two companies have a longstanding commercial relationship through Junzhang Digital Technology (Shanghai) Co., Ltd., an EHGO subsidiary that has been a licensed distributor of Photonetco products. This new agreement formalizes and significantly expands the scope of that relationship. 'Localization is reshaping China's enterprise procurement landscape. Our partnership with Photonetco enables EHGO to accelerate its strategic presence during this transition by delivering secure, high-performance, and cost-effective solutions tailored for domestic demand,' said the EHGO management team. Founded over 70 years ago, Photonetco introduced China's first fully self-developed black-and-white laser printer in 2010 and has remained at the forefront of secure printing solutions through continuous investment in independent R&D and intelligent manufacturing. This collaboration strengthens EHGO's ability to offer a differentiated and competitive office equipment portfolio to Chinese enterprises and government entities alike. The partnership reinforces EHGO's mission to support national industrial upgrading, broaden its proprietary offerings, and drive long-term shareholder value through participation in one of the most promising segments of China's technology-enabled enterprise market. Sources: Cognitive Market Research, Office Printer Market Report – China, 2024–2031 About Eshallgo Inc Eshallgo, Inc is one of China's leading office solution providers with a global perspective. The company focuses on two market segments: the sales and leasing of office supplies, as well as after-sales maintenance and repair services. With a wide-ranging presence across 20 provinces in China, its mission is to become an all-in-one office integrator and service provider, offering competitive comprehensive office solutions and services, expanding into service markets beyond office equipment, and continuously creating maximum value for customers. For more information, please visit the company's official website at and Forward-Looking Statements All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as 'may,' 'will,' 'expect,' 'anticipate,' 'aim,' 'estimate,' 'intend,' 'plan,' 'believe,' 'potential,' 'continue,' 'is/are likely to' or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC. For more information, please contact: Tony Sklar SW Investor Relation [email protected] View original content: SOURCE Eshallgo Inc
