Source: PR Newswire
Dogness (International) Corporation has announced a strategic investment in Dogness Intelligent Technology Co., Ltd. (DITC), acquiring a 19.5% equity stake through a share acquisition agreement. In exchange, Dogness will issue Class A common shares and warrants. DITC, founded in 2018, specializes in Internet of Things (IoT) and app-based technologies for the pet industry, focusing on intelligent devices that help pet owners monitor activity, health data, feeding, and safety—even when they are away.
Dogness CEO Silong Chen emphasized that the partnership aligns with the company’s strategic goals, especially amid growing consumer demand for smart petcare solutions driven by trends in pet health, AI, and data analytics. The investment reflects Dogness’s commitment to advancing a user-centered intelligent pet ecosystem, strengthening its position in the expanding global pet technology market. Both companies plan to collaborate on new growth opportunities within the evolving petcare industry.