According to the "Viewpoint Network", according to Tianyancha information, the corporate status of Alibaba-SW (09988.HK) (BABA.US)'s subsidiary Shanghai Fenyun Network Technology Co., Ltd. has changed from existence to cancellation.
According to the shareholder information, the company is wholly owned by Alibaba (Shanghai) Co., Ltd. The cancellation of Shanghai Fengyun Network Technology Co. marks a strategic adjustment by Alibaba in the field of agricultural products.
The company was established in June 2020 with a registered capital of 0.3 billion RMB. Its main business includes sales of intelligent logistics equipment for agricultural products, retail of edible agricultural products, and grain and oil warehousing services.