Data from the Aiqicha App reveals that Jiaxing Xinxiang IoT Technology Co., Ltd. and Jiaxing Xinyun IoT Technology Co., Ltd. have been newly established. Both entities share Fang Ruyuan as their legal representative and boast a registered capital of 1 million yuan apiece. The scope of business for these two companies encompasses a wide array of IoT-related activities, including research and development in IoT technology, provision of technical services, IT consulting, sales of IoT equipment, general cargo warehousing, and the marketing of intelligent warehousing equipment. Shareholder details disclose that both firms are fully owned by Hangzhou Chuanxin IoT Technology Co., Ltd., which is a subsidiary under the umbrella of Cainiao Network.
