Focusing on the future development opportunities of urban intelligent transportation and the ticket demand of citizens on Beijing rail transit, to seize the fast development opportunity of our rail transit industry, alleviate the large number of passengers queuing status quo, from the perspective of serving the public passengers, Beijing rail transit Internet ticketing service platform is built by market-oriented means.
BII Technology Holdings, through holding subsidy, BII Technology Development Co., Ltd. (Hereinafter referred to as "BII Technology"), set up Beijing Cornerstone Profit Investment Center (limited partnership) with ICBC Credit Suisse Investment Management Co., Ltd. (hereinafter referred to as "ICBC Credit Suisse"), Dr. Peng Telecom Media Group Co., Ltd. (hereinafter referred to as "Dr. Peng"), Shenzhen Pengbo Industry Group Co., Ltd. (Hereinafter referred to as "Pengbo Industry"), Beijing TLTD Telecommunications Technology Co., Ltd. (hereinafter referred to as "TLTD Telecom") and Beijing Cornerstone Profit Investment Center (limited partnership) (Hereinafter referred to as "Cornerstone Profit") The limited partnership was established on January 10, 2017, with a total subscription amount of RMB201 million and BII Technology held 24.88% shares as a limited partner. The Cornerstone Profit focuses on investment in urban intelligent transportation and Internet services, the main business scope of which is investment management and asset management. Profit Center, as a general partner of Cornerstone Profit, is mainly responsible for the daily operation and management of Cornerstone Profit.
Profit center is set up by BII Technology, Beijing Cornerstone Venture Capital Management Center (hereinafter referred to as “Cornerstone Center”) and Suqian Chuangweiying Investment Management Center (hereinafter referred to as “Chuangweiying”). The limited partnership was established on February 25, 2016, with a total subscription amount of RMB2 million. BII Technology held 20% shares as a limited partner. The main business scope of Profit Center is investment management and asset management.
In the future, the public passengers can achieve the network ticket purchase, offline ticket collection and a series of new ticket card experience through the Internet ticketing service platform and will gradually realize the convenient service experience of swiping in and out of station with phones.