On October 27th, information sourced from the Qichacha APP disclosed that National Data Group Co., Ltd. has officially wrapped up its industrial and commercial registration procedures. The company boasts a substantial registered capital of 30 billion yuan and is headquartered in the Xiong'an New Area, Hebei Province. Delving into Qichacha's equity penetration details, the State-owned Assets Supervision and Administration Commission of the State Council (SASAC) has made a significant contribution of 6 billion yuan, securing a 20% stake in the company. The trio of major telecommunications operators—China Mobile, China Telecom, and China Unicom—have each invested 4.5 billion yuan, each claiming a 15% stake, collectively accounting for a 45% stake. China Southern Power Grid and State Grid have equally contributed 3.75 billion yuan apiece, each holding a 12.5% stake, summing up to a 25% stake in total. Additionally, China Xiong'an Group has chipped in 3 billion yuan, obtaining a 10% stake. The company's business scope is extensive, encompassing big data services, data processing and storage support services, the development of artificial intelligence application software, blockchain technology-related software and services, as well as technical services for cloud computing equipment.