Jiuzi Holdings, Inc.
Jiuzi Holdings, Inc. is a Cayman Islands holding company with operating subsidiaries in the United States, Hong Kong, and mainland China. Through those subsidiaries, it sells proprietary-brand batteries, electronic power equipment, mobile phones, accessories, and related trading or consulting services.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueSales of proprietary-brand batteries and electronic power equipment through operating subsidiaries.
Distribution of mobile phones and related accessories in the PRC market.
Intermediated domestic trading and brokerage activity through Shenzhen Shatou.
Consulting services provided through the U.S. and Hong Kong holding subsidiaries.
Technical and research-oriented services under Hainan Jiuzi.
Products
Reported · share of revenue- Resales of Sourced Equipment and Accessories From Third Party99.5 %
- Proprietary Products0.5 %
Source: 20-F FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
Jiuzi serves third-party commercial customers that buy consumer electronics, batteries, and related equipment through its operating subsidiaries in China. The group also appears to sell to trading counterparties and business clients that use brokerage, agency, consulting, or technical services. Customer concentration is high, with a small number of customers accounting for a large share of recent period sales.
Buy batteries, electronic power equipment, mobile phones and accessories for resale or business use.
Use Shenzhen Shatou for domestic trade agency and brokerage services.
Seek corporate investment consulting through Jiuzi New York and Jiuzi HK.
Purchase scientific research and technical services from Hainan Jiuzi.
Strategy
Jiuzi’s structure suggests a strategy of combining China-based product sales with layered offshore and cross-border entities for holding, consulting, and operating flexibility. The addition of trading and technical-service subsidiaries indicates an effort to broaden the operating platform beyond pure product sales into adjacent service lines.
Adds service lines and reduces dependence on one product channel.
Holding and consulting entities can facilitate corporate and financing activities.
New entities can extend the business into adjacent markets and functions.
Geography
The company is structured around a Cayman Islands parent with subsidiaries in the United States, Hong Kong, Shenzhen, and Hainan. Its operating business is concentrated in mainland China, where product sales and trading activities are carried out, while U.S. and Hong Kong entities mainly provide holding, investment, and consulting functions.
Risks
The business is exposed to customer and supplier concentration, since a small number of counterparties represent a large share of recent sales and cost of revenue. It also faces execution, regulatory, and cross-border risks typical of a China-centric operating structure with offshore holding entities and related-party ownership layers.
- Customer concentrationImpact: HighLikelihood: High
A small number of customers account for a large portion of sales in the recent period.
Exposure: Third-party product and trading sales
- Supplier concentrationImpact: HighLikelihood: High
Top suppliers represent a large share of cost of revenue, creating supply dependence.
Exposure - China regulatory exposureImpact: MediumLikelihood: Medium
Core operating subsidiaries are located in mainland China, where policy and compliance conditions can change quickly.
Exposure - Cross-border holding structureImpact: MediumLikelihood: Medium
The group uses Cayman, U.S., Hong Kong and PRC entities, increasing legal and transfer-pricing complexity.
Exposure: Corporate structuring and intercompany activity
Accounting
Judgemental itemsCredit-loss estimates affect asset quality and operating cash conversion.
Impact: Reported receivable net value and earnings
A very large impairment allowance can materially reduce current assets.
Impact: Balance sheet strength and expense recognition
Multi-jurisdiction entities require careful consolidation of related-party balances and transactions.
Impact: Reported revenue, expenses and assets
Accumulated deficit and loss history make management judgment important in assessing continuity.
Impact: Disclosure and valuation context
Similar listed companies
Publicly listed companies with a comparable business focus.
LZ Technology Holdings Ltd
LZMH · Services-Computer Programming Services
LZ Technology Holdings Ltd is a Cayman Islands holding company whose operating subsidiaries provide information technology and advertising services in China.
J & Friends Holdings Ltd
JF · Services-Computer Programming, Data Processing, Etc.
J & Friends Holdings Ltd is a Cayman Islands holding company with its principal executive office in Hong Kong and securities traded in the United States.
JX Luxventure Group Inc.
JXG · Wholesale-Durable Goods
Zhihu Inc.
ZH · Services-Business Services, NEC
Jianzhi Education Technology Group Co Ltd
JZ · Services-Educational Services
Jianzhi Education Technology Group Co Ltd develops digital educational content and online learning products in China.
Jinxin Technology Holding Co
NAMI · Services-Educational Services
Last updated: 28/09/2026