Zong Fuli established a new management company in Shanghai.

According to the Qichacha APP, Shanghai Hongqian Enterprise Management Co., Ltd. was established with Zhang Fuli as the legal representative and a registered capital of 50 million yuan. Its business scope includes enterprise management, enterprise management consulting, social and economic consulting services, information technology consulting services, and market marketing planning, etc. The equity penetration displayed by Qichacha shows that the company is wholly owned by Hangzhou Hongzhen Investment Co., Ltd., with Zhang Fuli as the actual controlling person.