Poly Developments and others have established a joint venture in Guangzhou, including non-residential real estate leasing services.

The Qichacha app shows that recently, Guangzhou Hongbao Enterprise Management Consulting Partnership Enterprise was established with a registered capital of 627 million yuan. Its business scope includes: enterprise management; investment activities with its own funds; and non-residential real estate leasing. According to Qichacha's equity penetration display, this partnership enterprise is jointly owned by Jiaxing Yimao Enterprise Management Partnership Enterprise, Poly Development's fully-owned subsidiary Poly Investment Development Co., Ltd., and others.