Recently, Zhejiang Data Group Co., Ltd. made its official debut, appointing Liang Lipeng as its legal representative and boasting a substantial registered capital of 2 billion yuan. The company's operational scope spans a diverse array of sectors, encompassing big data services, data processing services, support services for data processing and storage, internet data services, as well as industrial internet data services. A closer look at the equity structure reveals that the company is a wholly-owned subsidiary of Hangzhou Iron and Steel Group Co., Ltd.