Sinopec establishes an intelligent information technology company.

According to the Enterprise Check App, recently Xino Intelligent Information Technology Co., Ltd. was established with a registered capital of 10 million yuan. Its business scope includes development of network and information security software, basic software development for artificial intelligence, application software development for artificial intelligence, blockchain technology-related software and services, and software development for artificial intelligence theory and algorithms. Equity penetration displayed on Enterprise Check shows that the company is fully owned by China National Petroleum Corporation.