Rookie Network established two Internet of Things technology companies on the same day.

Tianyancha's business information shows that recently, Jiaxing Xinxiang Internet of Things Technology Co., Ltd. and Jiaxing Xinyun Internet of Things Technology Co., Ltd. were established, with Fang Ruyuan as the legal representative of both companies and a registered capital of 1 million RMB each. Their business scope includes IoT technology research and development, IoT technology services, information technology consulting services, IoT equipment sales, general goods warehousing services, and smart warehousing equipment sales. Shareholder information shows that the above two companies are wholly owned subsidiaries of Hangzhou Chuanxin Internet of Things Technology Co., Ltd., which is under Cainiao Network.