YUTU officially announced on October 26, 2018 that they have signed distribution contracts with distribution representatives from Hong Kong, Shanghai, Wuhan, Xi’an, Shenyang, Qingdao, Shijiazhuang, Taiyuan among other cities.

Founded in 2014, YUTU owns 11 blockchain software copyrights and DAShare and has provided we-media and big data services to more than 70 million car users and tens of thousands of car service providers. YUTU has received several rounds of US dollar investments since foundation and is currently one of the most active social networking platforms as well as one of the biggest connected-car companies in China. 

Not long ago, YUTU hired Ouyang Nongyue, former president at Southcn.com as a senior researcher at YUTU Blockchain Research Institute. At the same time, YUTU released the world’s first blockchain chip based OBD, the YTminers. The YTminers were well received by the market and the first 2000 units were sold out within 4 hours during presale.

As Ansel Qi, CEO at YUTU, suggests that the right direction for smart OBD is to utilize big data and blockchain technology to serve more people, YUTU is now working to apply new technological innovations to provide car users with more solutions. To this end YUTU’s distribution partners are the most important value ambassadors in CarLive Chain ecosystem.

As Michael Huang puts it, you can gain millions in wealth if you can create true value for your customers. YUTU has been living up to that belief by giving out a great proportion of the profits to their distribution partners. In addition, YUTU is also incentivizing their partners with digital assets for the coming next 10 years.