Poly Development established a new company in Shanghai with a registered capital of 100 million yuan.

According to the Qi Cha Cha app, Shanghai Baoping Enterprise Development Co., Ltd. was recently established with Wu Jinsong as its legal representative and a registered capital of 100 million yuan. Its business scope includes real estate development and operation, property management, parking services, general equipment repair, and integration of intelligent control systems. Shareholding information from Qi Cha Cha shows that the company is indirectly fully owned by Poly Development.