Sailis established Phoenix Technology Company in Shanghai with a registered capital of 50 million yuan.

Tianyancha's business information shows that recently, Shanghai Sailes Phoenix Technology Co., Ltd. was established, with Duan Wei as its legal representative and a registered capital of 50 million RMB. Its business scope includes research and development of intelligent robots, development of artificial intelligence basic software, development of artificial intelligence application software, and development of artificial intelligence theory and algorithm software. The equity structure diagram shows that the company is wholly owned by Chongqing Phoenix Technology Co., Ltd., a subsidiary of Sailes.