Oriental Select (Hefei) Network Technology Co., Ltd. has been established with a registered capital of 8 million yuan, fully owned by Oriental Select (Beijing) Technology Co., Ltd., and ultimately controlled by Yu Minhong. This new entity's business scope includes cultural and artistic exchange activities, online cultural operations, performance brokerage, and sales of daily necessities and food via the internet. Separately, Zhongji Xuchuang is reportedly pricing its Hong Kong IPO below the top of its marketed range, at 980 Hong Kong dollars per share. AI
IMPACT This news has minimal direct impact on AI operations, focusing instead on corporate expansion and financial market details.
RANK_REASON The cluster reports on the establishment of a new subsidiary for an e-commerce company and a pricing detail for an IPO, neither of which meets the criteria for frontier_release, significant, or research.
- Oriental Select (Beijing) Technology Co., Ltd.
- Oriental Select (Hefei) Network Technology Co., Ltd.
- Yu Minhong
- Zhongji Xuchuang
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