Establish a venture capital fund partnership with Biyi Corporation and others.

According to the Qi Cha Cha app, recently, the Yuyao Yunhui Biyi Entrepreneurship Investment Fund Partnership Enterprise was established with a capital contribution of 500 million yuan. Its business scope includes engaging in activities such as equity investment, investment management, and asset management through private equity funds. Shareholding information from Qi Cha Cha shows that this company is jointly invested by Biyi Holding, among others.