Poly Development establishes property management company in Shanghai.

According to the Qi Cha Cha app, Shanghai Baoru Zhiye Management Co., Ltd. was recently established with Wu Jinsong as the legal representative and a registered capital of 100 million yuan. Its scope of business includes real estate consulting, real estate brokerage, real estate appraisal, housing leasing, non-residential real estate leasing, property management, etc. The equity penetration displayed by Qi Cha Cha shows that the company is indirectly wholly owned by Poly Developments.