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Taoping's subsidiary wins $5.5M smart elevator projects amid China's urban renewal push

Market News
24 Sep 2026
PRNewsWire
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Bullish
Taoping's subsidiary wins $5.5M smart elevator projects amid China's urban renewal push

Taoping Inc.'s subsidiary, Skyladder Technology, secured smart elevator contracts worth over $5.5 million, including projects in the China-Singapore Tianjin Eco-City. This reflects growing demand for elevator modernization aligned with China's urban renewal and safety priorities. The company's AI-powered platform offers real-time monitoring and predictive maintenance, shifting customers from reactive to preventive service. Taoping aims to expand market reach and recurring revenue through a 'Project + Platform Subscription' model, supporting long-term growth amid China's push for intelligent infrastructure and AI adoption.

Taoping's recent smart elevator contracts provide context for the technology sector's performance on Pluang. For readers following technology stocks, here is Pluang's market snapshot as of Sep 24, 2026 18:42 WIB: out of 150 priced US technology stocks, 15 rose and 130 fell. Notable movers include NOK at USD 10.24 with a -3.67% change and 81% sell order activity, AEHR at USD 94.09 with a -3.38% change and balanced buy/sell activity, and LOGI at USD 101.17 with a -3.33% change and 100% sell order activity.

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