A New York-based company just announced the official launch of its highly anticipated video streaming service targeting the growing multi-billion dollar video streaming industry. AB International Group Corp. (OTCQB:ABQQ) sees this as a key time to launch this new service as the pandemic lit a fire under the sector as more and more people began working from home.
AB International Group Corp is engaged in providing mobile application services. It designs mobile applications for movie trailer promotions. Its main business is sub-license a patent of video synthesis and release system for mobile communications equipment to smartphone apps and smartphone makers. The company is in the process of using the underlying technology to create a smartphone video mix app as well as a social video sharing platform.
Traders were very enthusiastic on the news as shares traded up to $0.027/share (+88.8%) at the session high. This move is a strong continuation of the intermediate uptrend the stock has been riding for the last month as it’s making its way away from the mid-November lows.