Data from the App Tianyancha reveals that iFLYTEK has recently founded a wholly-owned subsidiary named Anhui Yaofang Intelligent Technology Co., Ltd. This new entity boasts a registered capital of 300 million yuan. Its scope of business encompasses the research and development (R&D) of artificial intelligence (AI) and intelligent robots, among other areas, with the strategic intent of securing operational funds for local AI R&D initiatives.
