- CEO
- Jeff Au
- Full Time Employees
- 17,821
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 5190 Neil Road, Suite 430 Reno NV United States of America 89502
- IPO Date
- Feb 2, 1995
- Business
- China Food and Beverage Company (CHIF) operates as a development-stage shell company focused on establishing a fully integrated technology provider for the esports industry; it offers turnkey technological solutions including software platforms, e-commerce capabilities, financial services, advisory services, and information technology support. The company, founded in 1981 and headquartered in Mountainhome, Pennsylvania, with a listed address at 26 Grosvenor Street, London, UK, categorizes within the software and application technology sectors targeting digital entertainment markets. It plans to expand into comprehensive services such as esports infrastructure, gaming platforms, and related fintech offerings amid a shift from any prior food and beverage connotations to technology-driven operations. In recent developments, CHIF maintains its status as an actively traded OTC shell entity with minimal revenue of $48,290 in 2023 alongside substantial liabilities exceeding $63 million, reflecting ongoing restructuring toward esports ambitions without disclosed major acquisitions, partnerships, funding rounds, or product launches in the past 1-2 years. The company exhibits high volatility with a beta of 5.46, market capitalization around $3.5-4 million, and no dividend payouts, positioning it for potential strategic pivots in the evolving digital gaming landscape.