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Chaitin Tech, a network information security company, announced on Thursday that it has changed from a wholly-owned subsidiary of Alibaba to a holding subsidiary following a discussion between the two sides.
Hangzhou-based Hikvision announced on Friday that it plans to spin off subsidiary Hikrobot for an IPO on the Growth Enterprise Market of the Shenzhen Stock Exchange.
On Wednesday, Tianyancha revealed that a wholly-owned subsidiary by Ant Group was formerly established. The new subsidiary has been named Ant Suosuoshu (Hangzhou) Information Technology Co., Ltd.
According to Chinese enterprise data platform Tianyancha, GOME Sharing Economy (Tianjin) Co., Ltd. was established recently with a registered capital of 100 million yuan ($16 million).