State Data Group Completes Registration with 3 Billion RMB in Capital

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State Data Group Co., Ltd. has officially registered with a registered capital of RMB 30 billion, according to ChainCatcher. SASAC injected RMB 6 billion for a 20% stake, while the three major telecom operators—China Mobile, China Telecom, and China Unicom—each contributed RMB 4.5 billion, totaling a 45% stake. State Grid and China Southern Power Grid each invested RMB 3.75 billion (25% combined), and China Xiong’an Group added RMB 3 billion for a 10% stake. The company will provide big data services, cloud computing, blockchain technology, AI software, and data storage. Inflation data and on-chain data are expected to be key metrics in its operations.

According to ChainCatcher, data from Qichacha shows that China National Data Group Co., Ltd. has completed its industrial and commercial registration with a registered capital of RMB 30 billion. The State-owned Assets Supervision and Administration Commission of the State Council has contributed RMB 6 billion, holding a 20% stake; China Mobile, China Telecom, and China Unicom have each contributed RMB 4.5 billion, each holding a 15% stake, totaling 45%. China Southern Power Grid and State Grid Corporation have each contributed RMB 3.75 billion, each holding a 12.5% stake, totaling 25%. China Xiong'an Group has contributed RMB 3 billion, holding a 10% stake. The company’s business scope includes big data services, data processing and storage support services, artificial intelligence application software development, blockchain-related software and services, and cloud computing equipment technical services.

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