Taoping Inc. provides cloud-based platform, resource sharing, and big data solutions to the Chinese new media, education residential community management, and elevator Internet of Things (IoT) industries in the People's Republic of China. It operates through three segments: Cloud-Based Technology, Blockchain Technology, and Traditional Information Technology. The company offers cloud-based software as a service to automate the interactive workflows between advertising agencies and their customers, including establishing new advertising projects, submitting advertisement proposals, revising and approving advertising proposals, processing payment online, remotely uploading advertisement content, and tracking and analyzing performance data. It also provides project-based technology products and services for the public sector; and software and hardware with integrated solutions, including information technology infrastructure, Internet-enabled display technologies, and IoT platforms to customers in government, education, residential community management, media, transportation, healthcare, and other private sectors, as well as related maintenance and support services. In addition, the company offers cloud-application-terminal and IoT technology based digital advertising distribution network and media resource sharing platform in the out-of-home advertising markets. Further, it operates Taoping Net, an advertising-resources trading service platform, which connect screen owners, advertisers, and consumers; Taoping App, which enable customers to distribute and manage ads from mobile terminals; and cryptocurrency mining and blockchain related services. The company was formerly known as China Information Technology, Inc. and changed its name to Taoping Inc. in June 2018. Taoping Inc. was founded in 1993 and is headquartered in Causeway Bay, Hong Kong.
Taoping Reports First Half 2026 Results
Taoping reported H1 2026 revenue of $11.9 million, down from $17.6 million a year earlier, as it deliberately walked away from lower-margin legacy hardware, advertising, and software business.
Despite the top-line decline, gross margin expanded 270 bps to 12.8%, operating loss narrowed 46.8% to $2.2 million, and net loss was cut 46.7% to $2.5 million. The newly acquired Skyladder elevator business contributed $3.7 million of project and MRO revenue and pushed connected elevators past 10,000 on the company's platform.
Liquidity is thin: cash fell to $1.0 million from $2.1 million at year-end 2025, while operating cash outflow widened to $2.4 million. Management cites China's urban-renewal policy and a partnership with PICC Property and Casualty as growth runway but execution and collections risk remains high.