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Organization and Basis of Presentation
6 Months Ended
Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
ORGANIZATION AND BASIS OF PRESENTATION

NOTE 1 ORGANIZATION AND BASIS OF PRESENTATION


ZZLL Information Technology, Inc. (the “Company”) was incorporated under the laws of the State of Nevada on September 9, 2005 under the name of JML Holdings, Inc. The Company merged with Baoshinn International Express, Inc. on June 30, 2006 and changed its name to Green Standard Technologies, Inc. on June 17, 2005. On May 27, 2016, the Company changed its name to ZZLL Information Technology, Inc.


On April 23, 2013, the Company formed a wholly owned subsidiary, Syndicore Asia Limited (“SAL”), under the laws of Hong Kong. SAL has limited operating activities since incorporation except for holding the ownership interest in Hunan Syndicore Asia Limited (“HSAL”), an e-Commerce company organized under the laws of the People’s Republic of China (the “PRC”).


On August 18, 2016, the Company entered into a Joint Venture Agreement with Network Service Management Limited (“NSML”) to form Z-Line International E-Commerce Company Limited (“Z-Line”) under the laws of Hong Kong. The Company owned 55% and NSML owned 45% of the equity interests of Z-Line. On October 8, 2019, the Company acquired the remaining 45% equity interests of Z-Line from NSML and Z Line became a wholly owned subsidiary of the Company. Z-Line was formed to become an e-Commerce company providing consumer-to-consumer, business-to-consumer and business-to-business-sales services via web portals. Z-Line has had limited operating activities since incorporation.


Description of the Business


The Company currently operates its business through its subsidiary HSAL. HSAL is an e-Commerce company operating through its self-developed online application “Bibishengjia”. Bibishengjia is a shopping search engine that concurrently searches many shopping sites, preliminarily based in China, including major shopping sites such as Taobao.com, Tmall.com, JD.com and Pinduoduo.com, and helps customers meet their one-stop online shopping needs. Bibishengjia also runs its own online shopping platforms - Bibi Mall and Lianlian Nongyuan Agricultural Products Store. Bibishengjia was launched on August 18, 2019 and is currently available for download at the Apple APP Store and other major mobile download stores.


On September 26, 2019, the Company, through SAL, entered into an Agreement (the “Pretech Agreement”) with Pretech International Co., Limited (“Pretech”), a company incorporated under the laws of Hong Kong (“HK”).  Pretech is a software, hardware and digital company that also specializes in the development and manufacture of consumer electronics. Under the terms of the Pretech Agreement, Pretech agreed to act as SAL’s sales agent in order to make sales through the use of Bibishengjia. The Pretech Agreement is currently being performed.