ByteDance's subsidiary, Beijing Quantum Leap Technology Co., Ltd., has become the shareholder of Yitu (Shenzhen) Technology Co., Ltd.
Wuhu Jishi Xianqi Future Venture Capital Fund Partnership (Limited Partnership) was added as new shareholders on Tuesday.
In line with this corporate change, the company’s registered capital increased from approximately 1.51 million yuan to 1.67 million yuan.
Founded in October 2023, Yitu (Shenzhen) Technology is led by Wu Xiaohang, with a business focus on the manufacturing and sales of automotive parts and accessories, as well as intelligent in-vehicle devices. The newly registered shareholders join existing investors, including Wu Xiaohang and Suzhou Getu Technology Partnership (Limited Partnership), in backing the company’s growth.
Public records indicate that Yitu (Shenzhen) is focused on the research and commercialization of key middleware technologies in the automotive sector, including service middleware, AI middleware, and foundational automotive software systems. The company’s strategic alliances with major players like ByteDance suggest a strong push toward leveraging artificial intelligence and advanced technology for the rapidly evolving automotive industry.
This development marks a significant step for Yitu as it looks to scale its operations and deepen its commitment to smart vehicle solutions. With backing from leading investment firms and technology giants, the company is positioning itself to play a key role in the growing field of automotive technology in China.
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