According to Jin10 Data on February 28, the Qichacha APP shows that recently, Hainan Jianyun Supply Chain Management Co., Ltd. was established, with Chen Xingmin as the legal representative and a registered capital of 100 million yuan. The business scope includes: personal internet live streaming services; organizing cultural and artistic exchange activities; corporate image planning, etc. Qichacha's equity penetration shows that the company is jointly held by TIANYOUDE's wholly-owned subsidiary Qinghai Huzhu Qinkui Wine Sales Co., Ltd. and others