Hongbo Co., Ltd. establishes a technology company including AI application software development business.

According to the Qichacha APP, recently, Beijing Yingbo Jingxi Technology Co., Ltd. was established, with Li Ning as the legal representative and a registered capital of 20 million yuan. Its business scope includes the development of artificial intelligence theories and algorithm software; artificial intelligence application software development; information technology consulting services; information system integration services, among others. Qichacha's equity penetration shows that the company is wholly owned by Hongbo Co., Ltd. through indirect holdings.