Bin Chao Xu

Ucommune Group Holdings Ltd. operates as an ultimate holding company with no material operations of its own. Its conducts operations primarily through its subsidiaries and consolidated variable interest entitys (VIEs). The company was founded by Da Qing Mao and Zhuang Kun He in September 2018 and is headquartered in Beijing, China.

Ninetowns Internet Technology Group Co. Ltd. engages in the online solutions business. The company operates through four business segments: Enterprise Software and Related Customer Maintenance Services, Software Development Services, Sales of Products through its B2C E-Commerce Portal and Real Estate Development. The Enterprise Software and Related Customer Maintenance Services segment sells enterprise software and provides related customer maintenance services. The Software Development Service segment engages in government related work. It works on software development projects based on verbal commitments from customers and signs a contract after the commencement of work. The B2C E-Commerce Portal segment offers organic food and other household products through its web portal. The Real Estate Development segment engages in real estate projects. The company was founded by Wang Shuang and Min Dong in March 1995 and is headquartered in Beijing, China.