According to the Qichacha APP, recently, Xiamen Tiantong Rongchuang Trading Co., Ltd. was established, with Rong Peng as the legal representative and a registered capital of 10 million yuan. The business scope includes: sales of communication equipment; Internet of Things technology services; digital technology services; 5G communication technology services; sales of audio equipment; Internet sales, etc. Qichacha's equity penetration shows that the company is wholly owned by Telling Holding through indirect holdings