Taoping Inc. has signed a share purchase agreement to acquire Skyladder Group Ltd. for about RMB 152 million. The purchase price will be paid in Taoping ordinary shares. Skyladder Group specializes in AI-powered smart elevator services and operates in China. Taoping plans to integrate resources with Skyladder’s technology to strengthen its IoT strategy. Performance targets include achieving revenue of RMB 74.14 million and net profit of RMB 3.80 million in 2026. In pre-market trading, Taoping’s stock was 11.2682% lower at $2.6797 on the Nasdaq.

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