Xianning Hexing Network Technology Co., Ltd. has recently been formally established with a substantial registered capital of US$5 million. Led by Yang Chenxi as its legal representative, the company's expansive business portfolio encompasses the leasing and operation of small and micro passenger vehicles, the sales of electric bicycles, and the provision of Internet of Things (IoT) application services. This venture is fully owned and operated by Hong Kong RideTech Limited, a subsidiary of Hello Inc.