Elong Power subsidiary signs $25.5 million annual distribution agreement
ELPW•eLong Power subsidiary Elong Hong Kong signed a one-year agreement to distribute smart consumer electronics worth $25.5 million annually. The first shipment totaled approximately $840,000.
1. Distribution agreement
Elong Hong Kong entered a one-year agreement to distribute smart consumer electronics, with the agreement valued at $25.5 million annually. Its first shipment under the agreement totaled approximately $840,000.
2. Network plans
Elong Hong Kong plans to build a business-to-business distribution network targeting enterprise customers. The agreement renews automatically unless either party objects.
