Shanghai Guosheng Group, Shanghai Media Group, and others establish a performing arts company with registered capital of 2 billion yuan.

Qichacha APP shows that Shanghai Performing Arts Co., Ltd. was recently established, with Xiao Yeying as the legal representative and registered capital of 2 billion yuan. Its business scope includes song and dance entertainment activities; commercial performances; operation of performance venues; performance agency; tourism business; online cultural operations, etc. Qichacha's equity penetration shows that the company is jointly held by Shanghai Guosheng Co., Ltd., Jinjiang International Co., Ltd., and Shanghai Media Group Co., Ltd., an affiliate of Shanghai Radio and Television Station.