Invengo
Corporate brand
UnclaimedInvengo is a Chinese Internet of Things company specializing in radio-frequency identification systems and related technologies.
Last updated November 4, 2026
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Overview
Invengo, formally Invengo Information Technology Co., Ltd. and also known by the Chinese name Yuanwanggu, is a Shenzhen-based technology company focused on radio-frequency identification (RFID), Internet of Things infrastructure, and related identification and data-capture systems. Founded in 1993 by Xu Yusuo, the company developed from a Chinese technology business into a publicly traded RFID specialist with operations and commercial activity extending beyond mainland China. The company’s principal field is RFID, a technology used to identify, track, authenticate, and manage objects or people through tags, readers, antennas, software, and associated services. Invengo has supplied solutions for sectors including transportation, retail, logistics, libraries, textile services, entertainment, and government-related programs. Its business has therefore combined hardware manufacturing with system integration, software, maintenance, and industry-specific implementation. Invengo introduced venture-capital financing in 2003 and was listed on the Shenzhen Stock Exchange’s SME Board in August 2007 under ticker 002161.SZ. It became one of the earliest publicly traded companies in China identified primarily with the RFID industry. The listing gave the company a platform for expansion, acquisitions, and participation in large-scale deployments. Among the projects associated with Invengo is an RFID program for the Chinese Ministry of Railways in 2007, a major application of item and asset identification technology in the transportation sector. International development has been an important part of the company’s history. Invengo established textile-services operations in France in 1993 and later developed operations or commercial presence in markets including South Korea, Singapore, Australia, and the United States. It expanded its portfolio through acquisitions, including Australian RFID and library-technology company FE Technologies and other businesses connected with RFID services. Invengo has also been associated with SML and other RFID companies through its acquisition and investment activities. The company has applied RFID beyond conventional supply-chain uses. It participated in the development of the Australian AUDIO application in 2014 and became a provider of Magic Passports for Shanghai Disney Resort. These activities illustrate Invengo’s efforts to use identification technologies in customer-facing, visitor-management, and entertainment environments as well as in industrial and logistics settings. Invengo’s business mix has changed over time. Railway-related contracts accounted for more than half of its revenue in 2010, according to the cited historical material, while later acquisitions broadened its exposure to retail, libraries, textile circulation, and international RFID services. In 2018, the company acquired OEP 10 B.V. In March 2021, its textile-services business was purchased by HID Global, representing a significant change in the structure of Invengo’s international operations. In September 2023, Invengo participated as a contractor in the Guangxi Regional Cooperation and Integration Promotion Investment Program, which was financed by the Asian Development Bank. The company’s documented profile is consequently that of a specialized IoT and RFID provider whose activities combine products, project delivery, acquisitions, and sector-specific services. Public reference material does not provide enough information to establish a complete current product catalogue, management roster, or current geographic revenue breakdown.
History
Invengo was established in Shenzhen in 1993 by Xu Yusuo. From its earliest years, the company operated in identification and information-technology fields and also established Invengo Textile Services in France. Its subsequent development centered increasingly on RFID, a technology that enables wireless identification and tracking through tags, readers, antennas, and software. The company began introducing venture-capital financing in 2003. This financing supported its development as a specialized technology enterprise and helped prepare it for larger commercial programs. Invengo later became associated with RFID deployments in transportation, retail, logistics, libraries, textile circulation, and entertainment. Its model combined the supply of RFID components with project implementation and sector-specific services. A major corporate turning point came in August 2007, when Invengo listed on the SME Board of the Shenzhen Stock Exchange under ticker 002161.SZ. It was described as the first domestic Chinese public company focused on the RFID industry. In the same year, Invengo implemented a substantial RFID program for the Chinese Ministry of Railways. Railway-related contracts were particularly important to the business, accounting for more than half of reported revenue in 2010 according to the cited historical account. Invengo pursued internationalization through subsidiaries, operating activities, and acquisitions. Its documented international footprint included South Korea, Singapore, Australia, the United States, and France. In 2014, the company participated in the development of the Australian AUDIO application and purchased FE Technologies, an acquisition that broadened its RFID-related technology portfolio. Invengo was also associated with SML and other RFID companies through its wider acquisition and corporate development activities. The company’s applications extended beyond industrial supply chains. Invengo became a provider of Magic Passports for Shanghai Disney Resort, demonstrating the use of its identification and access-related capabilities in a major entertainment destination. Its technology has also been connected with library automation, textile management, and other environments where objects, garments, tickets, or users must be identified and tracked. In 2018, Invengo acquired OEP 10 B.V. The transaction formed part of a broader period in which the company used acquisitions to expand its international business and technical capabilities. In March 2021, HID Global purchased Invengo’s textile-services business. That transaction reduced or transferred part of Invengo’s historical textile-services activities while illustrating the strategic value of RFID-enabled textile management to larger access, identification, and secure-technology companies. In September 2023, Invengo participated as a contractor in the Guangxi Regional Cooperation and Integration Promotion Investment Program, financed by the Asian Development Bank. This activity placed the company within a development-financed regional infrastructure and cooperation initiative. Available reference material confirms Invengo’s continued participation in RFID and IoT-related projects, but does not provide a sufficiently detailed current account of its leadership, full product architecture, ownership structure, or post-2023 financial performance. Those areas require additional primary-source verification.
- 2023
Participation in Guangxi development program
[1]Invengo participates as a contractor in an Asian Development Bank-financed regional cooperation and integration program in Guangxi.
- 2021
Textile-services business sold to HID Global
[1]HID Global purchases Invengo’s textile-services business in March.
- 2018
OEP 10 B.V. acquisition
[1]Invengo acquires OEP 10 B.V. as part of its international expansion.
- 2014
FE Technologies acquisition and Australian application development
[1]Invengo purchases FE Technologies and participates in development of the Australian AUDIO application.
- 2007
Shenzhen Stock Exchange listing
[1]Invengo lists on the Shenzhen Stock Exchange SME Board under ticker 002161.SZ.
- 2007
Chinese Ministry of Railways RFID program
[1]Invengo implements a major RFID program for the Chinese Ministry of Railways.
- 2003
Venture-capital financing begins
[1]The company begins introducing venture-capital investment to support its development.
- 1993
Invengo is founded in Shenzhen
[1]Invengo is established in Shenzhen by Xu Yusuo and also sets up Invengo Textile Services in France.
Products and positioning
A specialized RFID and Internet of Things technology provider serving transportation, retail, logistics, libraries, textile services, entertainment, and public-sector applications. Invengo’s positioning combines RFID hardware, software, systems integration, and industry-specific implementation rather than a single consumer product line.
RFID hardware
RFID tags and labels
Identification media used to attach electronically readable identities to products, assets, garments, transport items, or other objects. Invengo’s broader RFID business has included tag-based tracking as part of integrated deployments rather than as an isolated consumer offering.
RFID hardware
RFID readers and interrogators
Electronic devices that read RFID tags and transmit identification data to operational systems. Readers are used in portals, counters, railway environments, logistics workflows, libraries, retail settings, and other locations requiring automated identification.
IoT software and systems integration
RFID software and integrated systems
Software, middleware, and implementation services that connect RFID readers and tags with business processes. These systems support tracking, inventory visibility, circulation, authentication, access, and other sector-specific workflows.
Transportation technology · 2007
Railway RFID solutions
RFID-based identification and tracking systems for railway and transportation applications. Invengo’s 2007 Ministry of Railways program and the importance of railway contracts to its 2010 revenue demonstrate the significance of this solution area in the company’s history.
Library technology · 2014
Library RFID systems
RFID systems for identifying library materials and supporting circulation, inventory, sorting, and self-service processes. This area was strengthened by Invengo’s acquisition of FE Technologies.
Textile tracking · 1993
Textile-services solutions
RFID-enabled services for tracking textiles and garments through collection, processing, distribution, and return workflows. Invengo operated a textile-services business from its early international expansion until that business was acquired by HID Global in 2021.
Entertainment and visitor technology
Magic Passports
Identification and visitor-related solutions supplied by Invengo for Shanghai Disney Resort. The offering illustrates the application of RFID and related technologies to entertainment, guest management, and access-oriented experiences.
Controversies
2024
Actual controller heavily fined for insider trading; earnings forecast inaccurate
Yuanwanggu actual controller Xu Yusuo engaged in insider trading and short-swing trading, and the company's 2023 earnings forecast differed widely from actual results. Xu Yusuo had 5.4245 million yuan confiscated and was fined 16.2734 million yuan; the company received a regulatory letter from the Shenzhen Stock Exchange.
Brand decisions
2021
Divestiture of textile-services businessM&ABackground
Invengo’s textile-services activities formed part of its long-running international RFID and textile-management operations.
Action taken
HID Global purchased the textile-services business in March 2021.
Aftermath
The transaction transferred the textile-services operation to HID Global and changed the composition of Invengo’s business.
2018
Acquisition of OEP 10 B.V.M&ABackground
Invengo continued using corporate acquisitions as a means of international and portfolio expansion.
Action taken
Invengo acquired OEP 10 B.V.
Aftermath
The transaction became part of Invengo’s broader international corporate development history.
2014
Acquisition of FE TechnologiesM&ABackground
Invengo sought to broaden its international RFID capabilities and sector coverage.
Action taken
The company purchased FE Technologies.
Aftermath
The acquisition expanded Invengo’s portfolio in RFID-related and library technology.
2007
Public listing to fund RFID expansionStrategyBackground
Invengo had developed as a specialized Chinese RFID company and had begun introducing venture-capital financing in 2003.
Action taken
The company listed on the Shenzhen Stock Exchange SME Board under ticker 002161.SZ.
Aftermath
The listing supported Invengo’s profile as a public RFID-sector company and preceded further large projects and international expansion.
Recent events
Reported
ASSA ABLOY acquires Invengo Textile Services[3]
ASSA ABLOY acquired the textile services business of Invengo Information Technology. The business is based in La Ciotat, France, and will become part of HID’s Identification Technologies Business Area.
Reported
Yuanwanggu won the Investor Relations Interaction Award for Small and Medium Investors[4]
Yuanwanggu won the Investor Relations Interaction Award for Small and Medium Investors in the Panorama Investor Relations Gold Awards (2019), which were announced on May 15.
Sources4 sources
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