Yueda Investment and others established a new company with intelligent robot-related business.

According to the Qichacha APP, it shows that recently, Yancheng Tingyue Urban Services Co., Ltd. was established, with Yan Lei as the legal representative and a registered capital of 20 million yuan. Its business scope includes: urban solid waste management services, highway management and maintenance, urban greening management, urban park management, research and development of smart robots, and IoT technology services. According to Qichacha's equity penetration display, the company is jointly held by Yancheng Tinghu District Xingting Investment Co., Ltd. and Jiangsu Yueda Special Vehicle Co., Ltd. under Yueda Investment.