Tianyancha App shows that recently, Ningbo Baichuan Ronghui Technology Co., Ltd. has undergone industrial and commercial changes. The company name has been changed to Ningbo Baichuan Ronghui Equity Investment Co., Ltd. Wang Xiaochuan resigned as the legal representative, director, and manager, and was replaced by Ru Liyun. The business scope has been expanded to include equity investment and venture capital, and the registered capital has increased from US$70 million to US$150 million. The company was established in December 2024 and is wholly owned by BAICHUAN AI (HK) LIMITED, a subsidiary of Baichuan Intelligence.