Lam International Technology has a partnership with ZIIOT (Zhongguancun Industry&Information Research Institute of Two-dimensional Code Technology) to introduce the use of individual UTC QR Code for individual packages of food products imported into China.
1. QR Code is a MUST in China
Chinese mobile phone netizens: 817 million --------- 80% of the world
Mobile payment users reached: 583 million
Offline payment scenarios: 463 million netizens had gone offline
Expected market valuation(by 2020) more than 1 trillion RMB.
The penetration rate of QR codes in China reached 63.9% in 2017.
Expect to exceed 80% by end of 2019.