Although the value of the agreement has not been made public, the Chinese company is set to own 55% of the joint venture under the terms of the deal.
The Australian tech startups technology platform leverages a range of contactless technology, including NFC and Bluetooth Low Energy, to enable NFC-enabled smartphone owners to tap NFC-enabled objects and get content such as video, mobile-optimised pages and app downloads. Tapit is set to integrate NFC-enabled interactive offline marketing campaigns with 99 Wuxians platform.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.