Tianyancha shows that Deng Taihua + Shanghai Zhiyuan are wholly owned subsidiaries, a typical group subsidiary structure, and there are probably more to come.

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Zhiyuan Robotics establishes a new company in Huizhou
Mars Finance News: Tianyancha App shows that recently, Huizhou Zhiyuan Innovation Technology Co., Ltd. was established, with Deng Taihua as the legal representative, a registered capital of 1 million RMB, and a business scope including research and development of intelligent robots, artificial intelligence theory and algorithm software development, among others. Shareholder information indicates that the company is wholly owned by Zhiyuan Robot affiliated company Zhiyuan Innovation (Shanghai) Technology Co., Ltd.
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