Chuanxin Holdings establishes a new company in Haikou, with focus on the Internet of Things (IoT) business.

According to the Qi Cha Cha app, in recent days, Haikou Zhanxiang Information Technology Co., Ltd. was established, with Lei Weiguo as the legal representative. The scope of business includes: sales of information security equipment; Internet of Things technology services; Internet of Things technology research and development, etc. Equity penetration analysis by Qi Cha Cha shows that the company is indirectly fully owned by Transsion Holdings.