Ant Group has established a new information technology company in Hangzhou.

According to the Qichacha APP, recently, Hangzhou Nanxun Information Technology Co., Ltd. was established, with Hu Shuiqing as the legal representative and a registered capital of 10 million yuan. Its business scope includes market marketing planning, information consulting services, information technology consulting services, digital technology services, etc. The equity penetration displayed on Qichacha shows that the company is indirectly wholly owned by Ant Group Co., Ltd.