Shenzhen Renrenle Enterprise Management Co., Ltd. announced that it will receive CNY 94.2 million in an equity round of funding on December 6, 2023. The transaction includes participation from returning investor Renrenle Commercial Group Co.,Ltd for 100% stake in the company. The transaction was approved by the parent company in its 5th session of the 6th directorate.

This capital increase still needs to be approved by shareholders. The company has a register capital of CNY 27.5 million.