MEITUAN-W Sets up New Tech Firm in Suzhou with US$30M Registered Capital

　　Suzhou Mobike Technology Co., Ltd. (literal translation of “蘇州摩拜科技有限公司”), which is wholly owned by Xigua Limited, an affiliate of MEITUAN-W (03690.HK) -0.600 (-0.501%) Short selling $673.01M; Ratio 24.058% , was recently established, Chinese media reported. The legal representative is Sun Keqing, and the registered capital is US$30 million.

　　The new company's business scope includes shared bicycle services, electric bicycle sales, R&D of intelligent robots, R&D of IoT technology, development of basic AI software development, network and information security software development, IT consulting services, IoT application services, information consulting services, and more.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-05 16:25.)

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