Recently, Shanghai Tongchenghui Network Technology Co., Ltd. was established, with legal representative Zhang Weiyu and registered capital of 1 million RMB. Its business scope includes software development, electronic product sales, internet sales, domestic trade agency, and catering management.

According to shareholder information, the company is jointly held by Lazasi Network Technology (Shanghai) Co., Ltd., an affiliate of Taobao Flash Sale, and Zhejiang Yidingcheng Network Technology Co., Ltd.

Taobao Flash Sale is part of Alibaba Group's e-commerce ecosystem, which continues to expand its business operations in China.