Tmall sets up a new overseas orange e-commerce company in Sanya.

According to the Qi Cha Cha app, recently, Sanya Yangcheng E-commerce Co., Ltd. was established, with Peng Yanping as the legal representative and a registered capital of 1 million RMB. Its business scope includes internet sales, car sales, electronic product sales, information system integration services, and sales of new energy vehicle charging facilities. Equity penetration data from Qi Cha Cha shows that the company is wholly owned by Zhejiang Tmall Technology Co., Ltd.