XHCG establishes a commercial company in Beijing

36Kr learned that the Aiqicha App shows that recently, Beijing Ningxin Commercial Co., Ltd. was established, with Chen Binbin as the legal representative and a registered capital of 30 million yuan. The business scope includes sales of new energy vehicles, automobile sales, book management services, and sales of gold and silver products. The equity penetration chart shows that the company is wholly owned by Ningxia Xinbai Commercial Management Co., Ltd., a subsidiary of Yinchuan Xinhua Department Store Commercial Group Co., Ltd