According to CoinMeta, Tongyu Communication announced that the company plans to establish a wholly-owned subsidiary, Shanghai Yuyao Zhisuan Technology Co., Ltd., with its own funds, with a registered capital of 500 million RMB. Yuyao Zhisuan will serve as the company's computing power business platform and will subsequently carry out business exploration and industrial layout in the field of intelligent computing power services. The company will combine its own development plan, fully leverage industrial synergy advantages, strengthen communication and collaboration with relevant partners, and promote the steady development of its business.