Hope Transform Electrical established a new company with AI and Internet of Things business.

According to the Enterprise Check App, recently, WanglaiChong Technology Co., Ltd. was established with a registered capital of 50 million RMB. Its business scope includes: development of artificial intelligence application software, development of network and information security software, research and development of Internet of Things technology, and Internet of Things application services, etc. Shareholding penetration by Enterprise Check shows that the company is wholly owned by Wangbian Electric.