E Ink plans internet of things foray to lift revenue

E Ink Holdings Inc, the world's largest electronic ink technology vendor by market share, is seeking to boost its China revenue to 30 percent in three years by tapping into the burgeoning internet of things or IoT market.

Efforts to digitalize and revamp retail in China are driving E Ink's businesses, with the proliferation of smart education, medical treatment, and transportation systems fueling additional momentum, Frank Ko, E Ink chairman and CEO, said.

"China is sharpening its focus on environmental protection and improved productivity through automation. This offers a unique opportunity for us, " Ko said in a recent interview.