Xinghui Huan Materials has established a new company that includes AI and Internet of Things-related businesses.

According to the Qichacha APP, recently, Xinghui Jiushi Technology Co., Ltd. was established, with a business scope that includes the development of artificial intelligence theories and algorithm software; development of basic artificial intelligence software; Internet of Things technology services; manufacturing of Internet of Things devices; sales of intelligent robots; and research and development of intelligent robots, among others. Qichacha's equity penetration shows that the company is wholly owned by Xinghui Huancai indirectly.