With the change in control of Living 3D Holdings, Inc. in December 2015, the Company redefined its business from 3D technology development to computer software development with major operations in Hong Kong and Mainland China. Since then, the Company focused on the research and development of ecommerce platform, mobile game and virtual reality application. Our ecommerce platform sought to integrate web application with product manufacturing which would increase the productivity and efficiency of the operation. Along with the ever increasing usage of the internet, our O2O (O2O stands for "online to offline," a term used to describe a variety of ecommerce services that provide online information, services, or discounts to consumers that enhance their offline shopping experiences) ecommerce platform was expected to bring in more business opportunities to the manufacturer.
As our business development efforts in the O2O platforms were not sufficiently mature to render us as a commercially viable player in that industry, the Company has slowed down its activities in such development and shifted its business from the development of O2O platforms to the development of an online cryptocurrency web based trading system through the acquisition of Hong Kong Cryptocurrency Exchange ("HKCCEX") in late December 2017.
HKCCEX is a FinTech company with focus on developing no-frills software solutions that facilitate the wide spread adoption of cutting edge technological ideas. Our flagship product is a B2B cryptocurrency web based trading system featuring newsfeed, live quote, integrated CRM, agent management and accounting system. This web based trading system is then customized and provided to companies with previous experience in the financial, trading or similar fields allowing them to capture a new and existing market with minimum change to their current Modus Operandi. These companies have user right to the customized web based trading system, which allow their end-customers to trade cryptocurrencies as registered users. These companies mainly reside in Hong Kong and Singapore with many operating online with target pockets in the global market. We provide technical support to ensure that our web based trading system and customers work within the confines of their respective legal system, and we are very sensitive to any reaction of the legal system as a whole with regards to the regulation of cryptocurrencies. We provide our web based trading system with AML and KYC compliance support which we deem as an inalienable part of the web based trading system and management protocol, and we conduct thorough training sessions with our customers to ensure compliance and also the documentation and consequences of non-compliance.