Hui10 update on UGO Scratch expansion
6 March 2025
Intuitive Investments Group plc
("IIG" or the "Company")
Hui10 expands digital lottery integration into China's taxi and ride-hailing industry
Enhancing sports lottery accessibility via public transport ecosystem
Strengthening Hui10's leadership in the digital transformation of lottery
Intuitive Investments Group plc (SFS: IIG) ("IIG" or the "Company"), a closed-end investment company focused on high-growth opportunities in the technology and life sciences sectors, announces a new milestone for its investee company, Hui10 Inc. ("Hui10"), which has taken a significant step forward in its strategic expansion into China's taxi and ride-hailing industry.
Under the new agreement with ride hailing business Shouyue Technology (Beijing) Co. - the operator of 'Shouqi Taxi' in China - Hui10 will launch a pilot programme of UGO Scratch which will enable China's Sports Lottery scratchcard sales in taxi and ride-hailing cars. Hui10's digital and payments technology platform will bring instant-win scratchcard distribution and play to millions of consumers. The pilot programme will be launched in Datong City, Shanxi Province, and will mark the beginning of a planned expansion across the region. Datong has a population of over 3 million and is one of the most popular tourist cities in China with 5.6 million tourist visits a year.
UGO Scratch is a digitally integrated Sports Lottery solution developed by Hui10, in collaboration with China UnionPay and China National Communications Information Co., a wholly owned subsidiary of China's Ministry of Transport. It will allow passengers in taxis, trains, buses and ferries across China to purchase, play and redeem winning instant scratchcard tickets directly through UnionPay POS terminals installed in vehicles.
As a result of this initiative, taxi drivers will also benefit from additional revenue streams. The programme is aligned with and strengthens the role of China's Sports Lottery in public welfare funding, contributing to sports development, social programmes, and community initiatives.
Sir Nigel Rudd, Chairman of IIG, commented: "This landmark agreement positions Hui10 at the forefront of China's digital lottery transformation, using technology to drive accessibility and engagement. It is a major milestone in integrating digital sports lottery sales into China's people transportation sector, which further underpins Hui10's position in the digitisation of the Chinese lottery industry. By integrating sports scratchcard sales into China's taxi and ride-hailing industry, Hui10 is opening up a vast new customer base, all while supporting China's national digital payments and lottery modernisation strategy, as well as its welfare programmes. This initiative marks another crucial step in the expansion of Hui10's ecosystem, and represents a major growth opportunity for IIG shareholders."
Enquiries:
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Intuitive Investments Group plc Sir Nigel Rudd, Non-Executive Chairman Robert Naylor, CEO Giles Willits, CIO
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Via FTI Consulting |
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Zeus Nick Cowles / Graeme Summers / Dominic King |
+44 (0)20 3829 5000 |
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FTI Consulting Jamie Ricketts / Valerija Cymbal / Jemima Gurney |
+44 (0)20 3727 1000 IIG@fticonsulting.com |
About Intuitive Investments Group plc
IIG is an investment company seeking to provide investors with exposure to a portfolio concentrating on fast growing, high potential Technology and Life Sciences businesses operating predominantly in the UK, continental Europe, the US and APAC, utilising the Board's experience to seek to generate capital growth over the long term for shareholders.
About Hui10
Hui10 is a technology company with interests in two operating businesses, Huishi Dehua and Huishi Chunyuan ('Lucky World'), involved in the digital transformation of the Chinese lottery. Huishi Dehua enables the market expansion of the Chinese lottery through its proprietary technology platform. Huishi Dehua is integrated into China's national card settlement system and payment platform, UnionPay. Hui10 holds a 33% share in Huishi Dehua. Lucky World is an ecommerce platform which provides China's existing lottery shops access to a wider fast-moving consumer goods product offering. Hui10 owns 60% of Lucky World.
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