China Telecommunications Services' Zhejiang company increased its capital to approximately 1.5 billion yuan, an increase of approximately 50%.

According to Tianyancha App, on November 13th, Zhejiang Communication Services Holding Group Co., Ltd. underwent a change in business registration, with its registered capital increasing from about 1 billion RMB to about 1.5 billion RMB, a growth of approximately 50%. Zhejiang Communication Services Holding Group Co., Ltd. was established in September 2016, with Zhao Xu as the legal representative, and its business scope includes industrial investment, investment management, asset management, etc. Shareholder information shows that the company is wholly owned by China Communication Services.