Paranovus Entertainment Technology Ltd. is a holding company. The Company conducts its operations through its wholly owned subsidiaries Bomie Wookoo Inc (BW) and 2lab3 Inc. Bomie Wookoo Inc is engaged in the e-commerce business on TikTok as well as providing e-commerce solutions to customers. BW is focused on multiple channels, including product sales on its own TikTok Shops, collaborative sales with key opinion leaders (KOLs) supported by advertising, and direct business-to-business (B2B) sales. In addition, BW is engaged in providing e-commerce enablement solutions such as livestreaming operations, influencer engagement, and ad placement for third-party merchants. 2lab3 Inc is focused on artificial intelligence (AI) and entertainment industries.
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