Yantai Peony Wisdom Garden Information Technology Co. is a state-owned enterprise. Yantai Peony is the Yantai subsidiary of Peony Group under Beijing State-owned Assets Supervision and Administration Commission (SOE), the company was founded in August 2017, with a registered capital of 30 million yuan, and is mainly engaged in the design, construction, operation and maintenance of smart parks, smart cities (cloud videoconferencing based on the IMS infrastructure, big data collection and processing, AR/VR applications, etc.). The company address is located in Yantai City Development Zone, Yangtze River Road, No. 300, Yeda Science and Technology Park.