ZLC invests to establish a bicycle company

According to the Qichacha APP, recently, Shanghai Fikete Bicycle Co., Ltd. was established, with Zhang Sheng as the legal representative and a registered capital of 20 million yuan. The business scope includes: retail of bicycles and accessories; wholesale of bicycles and accessories; bicycle repair; sales of electric bicycles, mobility scooters, and accessories; sales of electric bicycles; sales of tires, etc. Qichacha's equity penetration shows that the company is wholly owned by ZLC