A company under BabyBus reduces its capital by 90%
A subsidiary of the children's educational content company Babypoo, Xuehai Shibai (Fujian) Technology Co., Ltd., has undergone a significant capital reduction, decreasing its registered capital by 90% from 10 million RMB to 1 million RMB. This change also involved alterations in some executive positions. The company, established in 2019, is wholly owned by Babypoo and operates in areas such as cybersecurity software development, digital creative software, and IT consulting services. AI