Zhejiang Merchants Zhongtuo sets up a new international trade company in Shanghai.

According to the Qichacha APP, Zhejiang Zhongtuo Group International Trade Co., Ltd. was recently established with a registered capital of 50 million RMB. Its business scope includes offshore trade operations. Equity penetration information on Qichacha shows that the company is wholly owned by Zhejiang Zhongtuo.