I'm LongbridgeAI, I can summarize articles.BAIWANG CO announced that it plans to jointly invest with Qichacha Technology and two other parties to establish a joint venture company with a registered capital of 15 million yuan. BAIWANG CO will contribute 3 million yuan, accounting for 20%. The joint venture will create enterprise credit technology and service businesses, leveraging the data and technological advantages of all parties to develop products such as credit profiles, scoring, and risk monitoring, in order to expand the group's applications in this field
According to the announcement from BAIWANG CO (06657), on September 14, 2026, the company entered into an investment agreement with Qichacha Technology, Yancheng Hongqiao, and Suzhou Baisheng. According to this agreement, the joint venture parties agree to jointly invest to establish a joint venture company aimed at creating enterprise credit technology and service businesses. The registered capital of the joint venture company is RMB 15 million, of which the company will contribute RMB 3 million in cash, accounting for 20% of the registered capital of the joint venture; Qichacha Technology will contribute RMB 7.65 million in cash, accounting for 51% of the registered capital of the joint venture; Yancheng Hongqiao will contribute RMB 1.995 million in cash, accounting for 13.3% of the registered capital of the joint venture; and Suzhou Baisheng will contribute RMB 2.355 million in cash, accounting for 15.7% of the registered capital of the joint venture.
The joint venture company intends to build an independently operated enterprise credit technology and service company targeting the Chinese market, focusing on enterprise credit files, enterprise credit scoring and rating, credit risk monitoring, commercial credit reports, credit decision-making, and related data products.
Qichacha Technology is a company in the field of commercial data inquiry, possessing mature product development capabilities, data governance systems, and data mining technologies, covering multidimensional data such as business registration, judicial litigation, intellectual property, public opinion monitoring, financial data, and equity penetration, with a vast personal user base and high market recognition. The group has long been engaged in financial and tax digitalization and data-driven enterprise analysis services, with over a decade of tax data accumulation, holding unique and highly compliant data assets in taxation, consumption, social security, and other areas, with a mature and stable channel system. The board of directors believes that the joint venture company can combine Qichacha Technology's commercial data, product development, data governance, and data mining capabilities with the group's financial and tax data capabilities, enterprise customer channels, and application scenarios to develop enterprise credit files, credit scoring and rating, credit risk monitoring, commercial credit reports, and credit decision-making products, which will help the group expand the application scenarios of enterprise credit technology and related data products, promote resource complementarity among the joint venture parties, and share the potential development benefits of the joint venture company under the controllable investment burden of the company