The Chinese Construction and other investors have established the Happy Smart City Operations and Management Company in Shandong.

According to the QiChaCha APP, Shandong Xingfu Zhicheng Operation and Management Co., Ltd. was recently established, with Shi Dejiang as the legal representative and a registered capital of 20 million RMB. Its business scope includes: enterprise headquarters management, urban greening management, urban and rural city appearance management, water resource management, planning and design management, advertising design and agency, engineering management services, etc. QiChaCha's equity penetration shows that the company is jointly owned by Changdao Tourism Group Co., Ltd., and China Construction's subsidiary, Zhongjian Shandong Investment Co., Ltd.