China Information Technology Development Limited (CITD) and Petaverse Forge Strategic Joint Venture to Revolutionize Pet Entertainment

HONG KONG, June 15, 2023 /PRNewswire/ -- China Information Technology Development Limited (CITD) (HKEX: 8178), a leading technology company specializing in AI and cloud technologies, is pleased to announce a strategic joint venture with Petaverse, a renowned innovator in the virtual pet industry. This collaborative partnership aims to redefine pet entertainment and technology by combining Petaverse's expertise in virtual pet development with CITD's technological prowess.

The joint venture capitalizes on the shared vision of CITD and Petaverse to revolutionize the pet industry and create immersive experiences that blend the virtual and physical worlds. By harnessing advanced artificial intelligence, augmented reality, and cloud computing technologies, the collaboration seeks to redefine pet ownership and provide interactive and engaging digital experiences for pet enthusiasts globally.

The Petaverse platform creates a unique virtual pet world for online pet owners, pet stores and metaverse players by allowing an open source environment where everyone can interact, play, learn and earn rewards with their virtual pets. Petaverse will also integrate the latest Web3 technology that will help the users and the community to be connected worldwide.

"We are excited to join forces with Petaverse in this strategic joint venture," said Daniel Wong, Chairman and Chief Executive Officer of CITD. "This partnership aligns perfectly with CITD's commitment to innovation and our vision of shaping the future through cutting-edge technologies. Together, we will unlock new possibilities in the pet industry and deliver transformative experiences to pet lovers around the globe."

Cosmin Muresan, Chief Marketing Officer of Petaverse, also expressed excitement about the partnership, saying, "We are thrilled to join forces with CITD in this strategic partnership. By leveraging Petaverse's deep understanding of virtual pet development and CITD's technological capabilities, we are poised to reshape the pet industry and offer pet owners unprecedented opportunities for interaction and companionship. Together, we will create virtual pet experiences that evoke genuine emotions and forge strong bonds between humans and their virtual companions that captivate the hearts of pet lovers worldwide."

As part of the joint venture, Petaverse and CITD will combine their resources, expertise, and market insights to develop a range of interactive virtual pet products, applications, and services. The collaboration aims to seamlessly integrate virtual and physical pet experiences, empowering pet owners with unprecedented opportunities for engagement, education, and entertainment. By harnessing the power of technology and the love for pets, the joint venture is poised to shape the future of virtual pet entertainment and enhance the way people interact with their digital companions.

For more information about Petaverse and CITD, please visit www.petaverse.io and www.citd.com.hk, respectively.

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China Information Technology Development Limited
Email: [email protected]

SOURCE China Information Technology Development Limited