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China Customer Relations Centers

Full company profile

uuid003jwqz

Namestring
China Customer Relations Centers
Legal namestring
泰盈科技集团股份有限公司
Websiteurl
ccrc.com
Company typeenum
Private
Founded yearint
2007
Descriptiontext

China Customer Relations Centers Co., Ltd. (泰盈科技集团股份有限公司, operating as CCRC) is a Tai'an, Shandong-headquartered provider of digital back-office business process outsourcing (BPO) and business process management (BPM) services founded in 2007. The company operates 35 domestic delivery bases and overseas bases in Malaysia and Indonesia (with additional references to Egypt and Morocco), supporting 50,000+ seats, 400+ clients, and a cumulative 9 billion+ customer interactions over 19 years of operations. Its client base spans 10+ industries including e-commerce, internet, finance, logistics, manufacturing, government, and retail, with named partners including Tencent, Alibaba, Baidu, and JD.

CCRC's core technology stack is built around proprietary AI assets developed in-house, including a family of large language models ranging from 7B to 130B parameters, intelligent customer-service robots, intelligent quality-inspection robots, and data annotation platforms. The company maintains 25+ patents, 360+ software copyrights, 200+ R&D personnel, and 10,000+ data annotators that feed AI model training pipelines. Government recognitions include designation as a MOFCOM/MIIT key enterprise, national high-tech enterprise, and Shandong Province AI Industry Chain General Chain Leader.

CCRC's business model combines traditional labor-based BPO/BPM contracts with an expanding mix of AI software licensing, AI training data services, and foundation model R&D. Revenue is generated through enterprise service contracts (seats/workstations deployed for clients), software product licensing for AI tools, and AI training-data services supplied to model developers. Customer retention is reported at greater than 95% (one source cites >91%), supporting revenue predictability within the existing account base. The firm has been referenced as NASDAQ-listed under the ticker CCRC in firmographic data, though other source material states no public listing was identified — this contradiction is unresolved in the available input.

Short descriptiontext

China Customer Relations Centers (CCRC) is a Tai'an, Shandong-headquartered digital BPO/BPM provider operating 50,000+ seats across 35 domestic and overseas bases, serving 400+ enterprise clients in e-commerce, finance, internet, logistics, manufacturing, and government with proprietary AI large models, intelligent robots, and AI training data services.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersTaian, China
HQ citystring
Taian
HQ countrystring
China
HQ regionstring
Asia
Markets served

Serves global market

Offices22 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
business process outsourcing, call center services, AI customer service, digital back-office operations, data annotation services
Industry3 codes
1Workflow & Case Management (Human-Centric BPM)
CodeHDAEAHAAPrimaryYes
2General Customer Service (Order/Account/Inquiries)
CodeBPAAABAAPrimaryNo
3Customer Communications Management (CCM) & Transactional Messaging
CodeMPAAAIALPrimaryNo
NAICS code3 codes
  • Telephone Call Centers56142
  • Office Administrative Services561110
  • Software Publishers51321
SIC code2 codes
  • Services-Computer Programming, Data Processing, Etc.7370
  • Services-Management Services8741
Product category
Business Process Outsourcing Services
Social media profiles1 record
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model4 records
1BPO/BPM Services
TypeManaged Services
Description

Core business process outsourcing (BPO) and business process management (BPM) services including customer relationship management, digital middle/back-office operations, telemarketing, content moderation, data annotation, and HRO services. Revenue derived from enterprise contracts for operational service delivery.

ccrc.com
2AI Software Platform Licensing
TypeSubscription Recurring
Description

Intelligent platform products including intelligent training robots, intelligent service robots, agent intelligent assistance, and intelligent quality inspection systems are offered as software platforms. Revenue from licensing AI-powered software platforms to enterprise clients.

ccrc.com
3AI Training Data Services
TypeProfessional Services
Description

AI training data services including data scheme design, high-precision annotation, quality control, and model evaluation. Professional annotation team of 10,000+ covering 20+ industries.

ccrc.com
4AI Foundation Model R&D Services
TypeProfessional Services
Description

Vertical domain large model R&D and deployment services including domain incremental pre-training, RLHF alignment, model evaluation and iteration, and private deployment.

ccrc.com
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
GTM typeB2B
B2B
Offering typeServices
Services
Brand1 of 6 records shown
1CCRC AI大模型
Description

CCRC AI大模型是企业C端客户数据管理平台系统,具有全渠道、智能化、数据驱动和综合服务等关键特点,核心竞争力来自于人才对新型数据工具的掌握与应用。

ccrc.com
+5 more records
Core offering1 text field

CCRC (泰盈科技集团股份有限公司) is a China-based business process outsourcing (BPO) and business process management (BPM) provider delivering enterprise digital middle/back-office operations including customer service centers, telemarketing, content moderation, data annotation, HRO, and live streaming operations. The company layers proprietary AI capabilities onto its services — including intelligent contact robots, intelligent quality inspection, AI large models (7B-130B parameters), and agent assistance tools — serving enterprise clients across banking, finance, insurance, retail/e-commerce, IT/3C technology, and government sectors. Operations span 35 domestic and 2 overseas bases with 50,000+ seats delivering 9 billion+ cumulative interactions across 400+ enterprise clients.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 8 values shown
  • Intent recognition accuracy exceeds 95% (意图识别准确率超95%)
+7 more records
Product overview1 text field

CCRC (泰盈科技集团股份有限公司) offers an integrated digital back-office solutions ecosystem combining enterprise consulting, software platforms, AI, and operations services. The product portfolio centers on three interconnected pillars: (1) the CCRC AI Large Model — a proprietary LLM engine (7B–130B parameters) for vertical domain private deployment; (2) an intelligent platform product line including Intelligent Contact Robots (智能交互机器人) for voice outbound/inbound automation, Intelligent Training Robots (智能培训机器人) for agent skill development, Intelligent Agent Assistance (智能坐席辅助) for real-time call support, and Intelligent Quality Inspection (智能质检) for LLM-powered conversation evaluation; and (3) enabling services including Data Model Construction (数据模型搭建), Backend Intelligent Operations (后台智能运营), AI Large Model R&D and Applications (AI大模型研发及应用), and AI Training (人工智能训练). The company operates across 8 business segments: digital back-office, review and annotation, large model customer experience, tele-sales, HRO, and live streaming operations.

Product and service1 record
1Intelligent Contact Robots (智能交互机器人)
Scale indicator17 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Large global CX/BPO operator (formed from Sitel/Startek combination) serving enterprise clients across financial services, retail, and technology. Comparable in omnichannel customer support scale and vertical specialization similar to CCRC's banking/finance/retail focus.

TypeBroad incumbent
Description

Global leader in outsourced customer experience management and digital BPO with ~$8B+ revenue. Comparable as the most direct international analog to CCRC's omnichannel customer support and back-office outsourcing model, though at much larger scale and geographic reach.

TypeDirect peer
Description

Pure-play digital outsourcing provider specializing in customer service, content moderation, and AI-data services for tech and digital-economy clients. Closely comparable to CCRC's e-commerce backstage services, AI training data, and digital-first delivery model.

TypeBroad incumbent
Description

Large global CX/BPO operator with ~$6B+ revenue, focused on customer service, digital transformation, and AI-enabled CX delivery. Comparable in core BPO/BPM services, AI-platform integration, and enterprise field-sales motion across financial services, retail, and tech verticals.

TypeBroad incumbent
Description

Large private BPO/digital transformation provider with significant offshore delivery footprint serving financial services, healthcare, and tech clients. Comparable in scaled omnichannel customer support, AI-augmented delivery, and cross-border operations.

TypeDirect peer
Description

Public BPO company providing customer experience, finance & accounting, and research/analytics services, with strong banking/insurance vertical focus. Comparable in vertical-specific BPO delivery, AI/data analytics capabilities, and offshore delivery model.

TypeBroad incumbent
Description

Global professional services firm specializing in finance & accounting outsourcing, customer operations, and AI-driven process automation. Comparable in BPM/back-office outsourcing for banking and financial services, and in AI-led process automation.

TypeDirect peer
Description

Chinese-headquartered IT services and BPO company with international delivery centers, offering multilingual contact center, digital transformation, and AI services. Comparable in cross-border BPO delivery and enterprise digital operations focus.

TypeDirect peer
Description

Chinese IT services and BPO provider listed on HKEX, with digital operations, call center, AI, and cloud services serving enterprise clients. The closest direct China-based peer in terms of digital back-office outsourcing, AI integration, and vertical industry coverage.

TypeBroad incumbent
Description

US-listed customer experience and digital services company with ~$2B+ revenue, operating large-scale contact centers and AI-augmented CX platforms. Comparable as a publicly traded CX/BPO peer with both services and proprietary technology offerings.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat6 records

Each record includes

Type, Details

Key risks7 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment4 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile4 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI capability11 records

Each record includes

Type, Description, Source

AI maturity
App detail

Has app

Feature8 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment1 record

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

China Customer Relations Centers

Business Process Outsourcing Servicesccrc.com

China Customer Relations Centers (CCRC) is a Tai'an, Shandong-headquartered digital BPO/BPM provider operating 50,000+ seats across 35 domestic and overseas bases, serving 400+ enterprise clients in e-commerce, finance, internet, logistics, manufacturing, and government with proprietary AI large models, intelligent robots, and AI training data services.

What China Customer Relations Centers does

China Customer Relations Centers Co., Ltd. (泰盈科技集团股份有限公司, operating as CCRC) is a Tai'an, Shandong-headquartered provider of digital back-office business process outsourcing (BPO) and business process management (BPM) services founded in 2007. The company operates 35 domestic delivery bases and overseas bases in Malaysia and Indonesia (with additional references to Egypt and Morocco), supporting 50,000+ seats, 400+ clients, and a cumulative 9 billion+ customer interactions over 19 years of operations. Its client base spans 10+ industries including e-commerce, internet, finance, logistics, manufacturing, government, and retail, with named partners including Tencent, Alibaba, Baidu, and JD.

CCRC's core technology stack is built around proprietary AI assets developed in-house, including a family of large language models ranging from 7B to 130B parameters, intelligent customer-service robots, intelligent quality-inspection robots, and data annotation platforms. The company maintains 25+ patents, 360+ software copyrights, 200+ R&D personnel, and 10,000+ data annotators that feed AI model training pipelines. Government recognitions include designation as a MOFCOM/MIIT key enterprise, national high-tech enterprise, and Shandong Province AI Industry Chain General Chain Leader.

CCRC's business model combines traditional labor-based BPO/BPM contracts with an expanding mix of AI software licensing, AI training data services, and foundation model R&D. Revenue is generated through enterprise service contracts (seats/workstations deployed for clients), software product licensing for AI tools, and AI training-data services supplied to model developers. Customer retention is reported at greater than 95% (one source cites >91%), supporting revenue predictability within the existing account base. The firm has been referenced as NASDAQ-listed under the ticker CCRC in firmographic data, though other source material states no public listing was identified — this contradiction is unresolved in the available input.

China Customer Relations Centers firmographics

Firmographics
Name
China Customer Relations Centers
Legal name
泰盈科技集团股份有限公司
Website
https://ccrc.com
Company type
Private
Founded year
2007
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
China Customer Relations Centers (CCRC) is a Tai'an, Shandong-headquartered digital BPO/BPM provider operating 50,000+ seats across 35 domestic and overseas bases, serving 400+ enterprise clients in e-commerce, finance, internet, logistics, manufacturing, and government with proprietary AI large models, intelligent robots, and AI training data services.
Ownership category
akta.pro rank

China Customer Relations Centers industry classification

Industry
Product category
Business Process Outsourcing Services
NAICS
Telephone Call Centers (56142), Office Administrative Services (561110), Software Publishers (51321)
SIC
Services-Computer Programming, Data Processing, Etc. (7370), Services-Management Services (8741)
akta.pro primary industry
Workflow & Case Management (Human-Centric BPM) (HDAEAHAA)
akta.pro secondary industries
General Customer Service (Order/Account/Inquiries) (BPAAABAA), Customer Communications Management (CCM) & Transactional Messaging (MPAAAIAL)

Keywords

  • Business process outsourcing
  • Call center services
  • AI customer service
  • Digital back-office operations
  • Data annotation services

Where China Customer Relations Centers is headquartered

Location

Headquarters

HQ city
Taian
HQ country
China
HQ region
Asia

Offices22 records

Markets served

China Customer Relations Centers business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

  1. BPO/BPM Services: Core business process outsourcing (BPO) and business process management (BPM) services including customer relationship management, digital middle/back-office operations, telemarketing, content moderation, data annotation, and HRO services. Revenue derived from enterprise contracts for operational service delivery.
  2. AI Software Platform Licensing: Intelligent platform products including intelligent training robots, intelligent service robots, agent intelligent assistance, and intelligent quality inspection systems are offered as software platforms. Revenue from licensing AI-powered software platforms to enterprise clients.
  3. AI Training Data Services: AI training data services including data scheme design, high-precision annotation, quality control, and model evaluation. Professional annotation team of 10,000+ covering 20+ industries.
  4. AI Foundation Model R&D Services: Vertical domain large model R&D and deployment services including domain incremental pre-training, RLHF alignment, model evaluation and iteration, and private deployment.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

China Customer Relations Centers product offering

Product offering

Core offering

CCRC (泰盈科技集团股份有限公司) is a China-based business process outsourcing (BPO) and business process management (BPM) provider delivering enterprise digital middle/back-office operations including customer service centers, telemarketing, content moderation, data annotation, HRO, and live streaming operations. The company layers proprietary AI capabilities onto its services — including intelligent contact robots, intelligent quality inspection, AI large models (7B-130B parameters), and agent assistance tools — serving enterprise clients across banking, finance, insurance, retail/e-commerce, IT/3C technology, and government sectors. Operations span 35 domestic and 2 overseas bases with 50,000+ seats delivering 9 billion+ cumulative interactions across 400+ enterprise clients.

Product overview

CCRC (泰盈科技集团股份有限公司) offers an integrated digital back-office solutions ecosystem combining enterprise consulting, software platforms, AI, and operations services. The product portfolio centers on three interconnected pillars: (1) the CCRC AI Large Model — a proprietary LLM engine (7B–130B parameters) for vertical domain private deployment; (2) an intelligent platform product line including Intelligent Contact Robots (智能交互机器人) for voice outbound/inbound automation, Intelligent Training Robots (智能培训机器人) for agent skill development, Intelligent Agent Assistance (智能坐席辅助) for real-time call support, and Intelligent Quality Inspection (智能质检) for LLM-powered conversation evaluation; and (3) enabling services including Data Model Construction (数据模型搭建), Backend Intelligent Operations (后台智能运营), AI Large Model R&D and Applications (AI大模型研发及应用), and AI Training (人工智能训练). The company operates across 8 business segments: digital back-office, review and annotation, large model customer experience, tele-sales, HRO, and live streaming operations.

Differentiator

Problem solved

Functional benefit

Brands

  • CCRC AI大模型: CCRC AI大模型是企业C端客户数据管理平台系统,具有全渠道、智能化、数据驱动和综合服务等关键特点,核心竞争力来自于人才对新型数据工具的掌握与应用。
  • 智能交互机器人
  • 智能培训机器人
  • 智能服务机器人
  • 坐席智能辅助
  • 智能质检

Products and services

  • Intelligent Contact Robots (智能交互机器人)

Quantifiable outcome

  • Intent recognition accuracy exceeds 95% (意图识别准确率超95%)
  • +7 more outcomes

Companies that use China Customer Relations Centers

Customer profile

Named customers1 record

Segments4 records

Ideal customer profiles4 records

China Customer Relations Centers technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

AI capability11 records

Feature8 records

China Customer Relations Centers partnerships and signals

Strategic signal

Scale indicators17 records

Recent moves6 records

Expansion highlights5 records

China Customer Relations Centers competitors and assessment

Company assessment

Broad incumbents

  • Foundever: Large global CX/BPO operator (formed from Sitel/Startek combination) serving enterprise clients across financial services, retail, and technology. Comparable in omnichannel customer support scale and vertical specialization similar to CCRC's banking/finance/retail focus.
  • Teleperformance: Global leader in outsourced customer experience management and digital BPO with ~$8B+ revenue. Comparable as the most direct international analog to CCRC's omnichannel customer support and back-office outsourcing model, though at much larger scale and geographic reach.
  • Concentrix: Large global CX/BPO operator with ~$6B+ revenue, focused on customer service, digital transformation, and AI-enabled CX delivery. Comparable in core BPO/BPM services, AI-platform integration, and enterprise field-sales motion across financial services, retail, and tech verticals.
  • Sutherland Global Services: Large private BPO/digital transformation provider with significant offshore delivery footprint serving financial services, healthcare, and tech clients. Comparable in scaled omnichannel customer support, AI-augmented delivery, and cross-border operations.
  • Genpact: Global professional services firm specializing in finance & accounting outsourcing, customer operations, and AI-driven process automation. Comparable in BPM/back-office outsourcing for banking and financial services, and in AI-led process automation.
  • TTEC Holdings: US-listed customer experience and digital services company with ~$2B+ revenue, operating large-scale contact centers and AI-augmented CX platforms. Comparable as a publicly traded CX/BPO peer with both services and proprietary technology offerings.

Direct peers

  • TaskUs: Pure-play digital outsourcing provider specializing in customer service, content moderation, and AI-data services for tech and digital-economy clients. Closely comparable to CCRC's e-commerce backstage services, AI training data, and digital-first delivery model.
  • WNS Holdings: Public BPO company providing customer experience, finance & accounting, and research/analytics services, with strong banking/insurance vertical focus. Comparable in vertical-specific BPO delivery, AI/data analytics capabilities, and offshore delivery model.
  • Pactera Technologies: Chinese-headquartered IT services and BPO company with international delivery centers, offering multilingual contact center, digital transformation, and AI services. Comparable in cross-border BPO delivery and enterprise digital operations focus.
  • iSoftStone: Chinese IT services and BPO provider listed on HKEX, with digital operations, call center, AI, and cloud services serving enterprise clients. The closest direct China-based peer in terms of digital back-office outsourcing, AI integration, and vertical industry coverage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

China Customer Relations Centers social profiles

Digital presence

China Customer Relations Centers financial estimates

Financial estimate

Revenue estimate

Valuation estimate

China Customer Relations Centers leadership team

Management profile

Number of profiles

China Customer Relations Centers funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

China Customer Relations Centers M&A and investment

M&A and investment

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about China Customer Relations Centers

What does China Customer Relations Centers do?

CCRC (泰盈科技集团股份有限公司) is a China-based business process outsourcing (BPO) and business process management (BPM) provider delivering enterprise digital middle/back-office operations including customer service centers, telemarketing, content moderation, data annotation, HRO, and live streaming operations. The company layers proprietary AI capabilities onto its services — including intelligent contact robots, intelligent quality inspection, AI large models (7B-130B parameters), and agent assistance tools — serving enterprise clients across banking, finance, insurance, retail/e-commerce, IT/3C technology, and government sectors. Operations span 35 domestic and 2 overseas bases with 50,000+ seats delivering 9 billion+ cumulative interactions across 400+ enterprise clients.

Is China Customer Relations Centers a public or private company?

China Customer Relations Centers is a private company. It is classified as public and is currently operating.

When was China Customer Relations Centers founded?

China Customer Relations Centers was founded in 2007. It employs 5,001 to 10,000 people.

Where is China Customer Relations Centers based?

China Customer Relations Centers is headquartered in Taian, China, in the Asia region.

How does China Customer Relations Centers make money?

Four revenue lines are on record. BPO/BPM Services are the primary driver. The others are AI Software Platform Licensing, AI Training Data Services and AI Foundation Model R&D Services.

Who are China Customer Relations Centers's main competitors?

Broad incumbents on record are Foundever, Teleperformance, Concentrix, Sutherland Global Services, Genpact and TTEC Holdings. Direct peers are TaskUs, WNS Holdings, Pactera Technologies and iSoftStone.

Does China Customer Relations Centers have an API?

No public API is recorded for China Customer Relations Centers.

What industry is China Customer Relations Centers in?

China Customer Relations Centers's product category is Business Process Outsourcing Services. Its primary akta.pro industry code is HDAEAHAA, Workflow & Case Management (Human-Centric BPM), with a secondary code of BPAAABAA, General Customer Service (Order/Account/Inquiries). Its NAICS code is 56142 and its SIC code is 7370.

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Live signals
PR NewswireChina Customer Relations Centers, Inc. Announces Completion of MergerChina Customer Relations Centers, Inc. (CCRC) completed its merger with Taiying Group Ltd. and its subsidiary Taiying International Inc., becoming a wholly-owned subsidiary of the BVI-incorporated parent company effective July 6, 2021. The deal, approved by shareholders on June 18, 2021, delisted CCRC from NASDAQ and will result in full deregistration from the SEC, with shareholders receiving $6.50 cash per share upon surrendering their shares.PR NewswireChina Customer Relations Centers, Inc. Shareholders Approve Going Private TransactionShareholders of China Customer Relations Centers, Inc. approved a merger agreement that will take the company private through a transaction with Taiying Group Ltd. and its subsidiary Taiying International Inc. The approval received support from approximately 80% of voting shares at an extraordinary general meeting held on June 18, 2021. Upon completion, the company's ordinary shares will be delisted from the NASDAQ Capital Market.PR NewswireChina Customer Relations Centers, Inc. Announces Financial Results for the Full Year 2020 as Compared to Full Year 2019China Customer Relations Centers, Inc. reported full-year 2020 financial results with revenues increasing 38.6% to $240.32 million and net income nearly doubling to $24.93 million, driven by new customer acquisition and increased sales volumes to existing clients. The company's service capacity expanded by 30.8% to 29,249 seats while operating income grew 89.2% year-over-year, and cash position strengthened to $43.67 million from $25.33 million.PR NewswireChina Customer Relations Centers, Inc. to Hold Extraordinary General Meeting of ShareholdersChina Customer Relations Centers, Inc. announced an extraordinary general meeting of shareholders scheduled for June 18, 2021 to vote on a previously announced merger agreement dated March 12, 2021. Under the proposed transaction, Taiying Group Ltd. and its wholly-owned subsidiary Taiying International Inc., both incorporated in the British Virgin Islands, would merge with and into CCRC, resulting in the company becoming privately held and delisting from the Nasdaq Capital Market. The company's board of directors, acting on the unanimous recommendation of an independent committee, has approved and recommended that shareholders vote in favor of the merger.BenzingaChina Customer Relations Centers Goes Private At $6.50/Share - CHINA MERCHANTS BK CO H by China MerchantsTaiying Group Ltd and subsidiary Taiying International Inc have agreed to acquire a 71.1% stake in China Customer Relations Centers Inc for $6.50 per share in a going-private transaction. The purchase price represents a 37.7% premium over the November 27, 2020 closing price and a 21% increase over the initial offer of $5.37 per share. China Merchants Bank Co Ltd has agreed to provide a secured term facility to finance the merger.PR NewswireChina Customer Relations Centers, Inc. Enters into Definitive Merger Agreement for Going Private TransactionChina Customer Relations Centers, Inc. (CCRC), a Nasdaq-listed e-commerce and financial services BPO provider in China, has entered into a definitive merger agreement with Taiying Group Ltd. and its subsidiary Taiying International Inc. to take the company private at $6.50 per share in cash. The offer represents a 37.7% premium over the company's closing price of $4.72 on November 27, 2020, and a 21% increase over the initial going-private proposal, with the buyer group (led by CEO Zhili Wang and other management) already owning approximately 71.1% of outstanding shares. The transaction, expected to close in Q2 2021 subject to shareholder approval and customary conditions, will result in CCRC delisting from The Nasdaq Capital Market.PR NewswireChina Customer Relations Centers, Inc. Announces Financial Results for the First Half of 2020China Customer Relations Centers, Inc., a NASDAQ-listed business process outsourcing (BPO) service provider, reported strong financial results for the first half of 2020, with revenues rising 33.4% year-over-year to $97.72 million and net income more than doubling by 106.4% to $10.30 million. The growth was driven by increased demand from existing BPO clients and new client additions including Huaxia Bank, Ping'An Bank, Suning Insurance, and Vipshop, while the company expanded its service capacity by 13.3% to 25,329 seats. The company also benefited from COVID-19 related government relief measures and increased government grants during the period.PR NewswireChina Customer Relations Centers, Inc. Announces Receipt of Preliminary Non-Binding "Going Private" Proposal and Formation of Special CommitteeChina Customer Relations Centers, Inc. (CCRC) announced that its board received a preliminary non-binding proposal from founder and chairman Mr. Zhili Wang along with several affiliated individuals to acquire all outstanding shares and take the company private at $5.37 per share in cash. The board has formed a special committee of three independent directors to evaluate the proposal and has retained Houlihan Lokey as financial advisor and Hogan Lovells as legal counsel. The board cautioned that no decision has been made and there can be no assurance that any definitive offer will be made or that the transaction will be consummated.PR NewswireChina Customer Relations Centers, Inc. Announces Financial Results for the Second Half and Fiscal Year of 2019China Customer Relations Centers, Inc. reported a 32.8% year-over-year revenue increase to $100.13 million for the second half of 2019, driven by expansion in business volume with existing and new clients. Despite this top-line growth, the company's net income attributable to common shareholders rose by 58.7% to $8.07 million, while gross margins contracted due to rising employee compensation costs. The fiscal year 2019 results showed overall revenue growth of 22.6%, though full-year operating income and net income declined compared to 2018.PR NewswireChina Customer Relations Centers, Inc. Receives Notification of Withdrawal of Non-Binding Going Private ProposalChina Customer Relations Centers, Inc. announced that its board received a letter dated May 25, 2020 from Guangzhou Cornerstone Asset Management Co., Ltd. withdrawing the preliminary non-binding going-private proposal that the consortium submitted on November 10, 2018. Chairman and CEO Mr. Zhili Wang confirmed his withdrawal on May 29, 2020, stating the withdrawal stemmed from Cornerstone's decision to exit the consortium. The company, a leading BPO service provider operating call centers across multiple Chinese provinces, continues to operate as a publicly traded entity on NASDAQ.