Yushu Technology starts listing counseling, Wang Xing holds 23.82% stake.

The website of the China Securities Regulatory Commission on July 18th showed that Yushu Technology has started its IPO counseling, with CITIC Securities as the counseling institution. The counseling report mentioned that Yushu Technology's controlling shareholder and actual controller is Wang Xingxing, who directly holds 23.8216% of the company's equity and controls 10.9414% of the company's equity through Shanghai Yuyi Enterprise Management Consulting Partnership, totaling 34.7630% of the company's equity. According to the Enterprise Check App, Hangzhou Yushu Technology Co., Ltd. was established in August 2016 and the company's registered capital was increased from 2.889 million to 364 million yuan on June 18th. At the end of May, the company changed its name from Hangzhou Yushu Technology Co., Ltd. to Hangzhou Yushu Technology Co., Ltd. In addition, Hangzhou Yushu Technology Co., Ltd. has invested in 5 other companies, with 3 founded in 2024 or later, including Shanghai Gaoyi Technology Co., Ltd., Beijing Linyi Technology Co., Ltd., and Shenzhen Tianyi Technology Co., Ltd. As of now, Yushu Technology owns 163 patents. Recently, the founder of Yushu Technology, Wang Xingxing, revealed at the Tianjin Summer Davos Forum that from the company's founding in early 2016 with one employee, it has now grown to over 1,000 employees with an annual revenue exceeding 1 billion yuan.