Third-level companies usually refer to the subsidiaries directly managed by the head office under the group or enterprise group. The third-level subsidiary refers to the first-level subsidiary of a large enterprise group;
Third-level companies are generally responsible for the operation and management of the whole region or specific business areas, and have certain decision-making power and resource allocation rights. The third-level subsidiaries are usually in a relatively low-level position, with relatively small management authority and independent operation ability. They undertake specific tasks and responsibilities in regional or business areas.