The deal signals continued Chinese efforts to support domestic suppliers and reduce reliance on imported semiconductors
Shanghai Yunya Enterprise Management Consulting, a wholly owned subsidiary of Ant Group, recently snapped up a 1.87 per cent shareholding in InnoStar for an undisclosed amount, according to registry records in late August from corporate information provider Aiqicha.
InnoStar had also raised its registered capital to 50 million yuan (US$7 million) from 46 million yuan, following that transaction, Aiqicha data showed.
Your personal data will be processed and information from your device (cookies, unique identifiers, and other device data) may be stored by, accessed by and shared with 88 TCF vendor(s) and 20 ad partner(s), or used specifically by this site or app.
Some vendors may process your personal data on the basis of legitimate interest, which you can object to by managing your options below. Look for a link at the bottom of this page or in the site menu to manage or withdraw consent in privacy and cookie settings.
