Taobao's flash sale established a new technology company in Shanghai.

Tianyancha's business information shows that recently, Shanghai Tongchenghui Network Technology Co., Ltd. was established with a registered capital of 1 million RMB. The business scope includes software development, electronic product sales, internet sales, domestic trade agency, restaurant management, etc. The shareholder information shows that the company is jointly held by Taobao Flash Sale affiliate company Lazada Network Technology Co., Ltd. and its subsidiary Zhejiang Yidingcheng Network Technology Co., Ltd.