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Data from the Tianyancha App reveals that Chongqing Xiaohe Information Technology Co., Ltd. has been newly established. The legal representative of this company is Wu Haifeng, and it boasts a registered capital of 2 million yuan. Its scope of business is quite extensive, encompassing technical services, technology development, technical consulting, technical exchanges, technology transfer, technology promotion, as well as data processing services. When it comes to shareholder information, it's clear that this company is entirely owned by Xiaohe Smart (Shanghai) Technology Co., Ltd., which is a subsidiary under the umbrella of Douyin Limited. This move by Douyin to establish a new entity in Chongqing might be part of its strategic expansion and business layout in the region.
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