1. Industry Association: Both of them belong to the Internet of Things industry, and their business fields are similar. Internet of Things refers to the technology of connecting various physical objects to the network through information sensing equipment to realize intelligent management and control. Both West IOT and Xingyun Zhilian are engaged in related businesses in this field.
2. Industrial chain cooperation: As Internet of Things enterprises, there may be a cooperative relationship between them in the industrial chain. For example, the Western Federation of Things may use the products and technologies of Xingyun Zhilian in some projects, or the two sides may cooperate in technology research and development and market expansion.
3. Competitive relationship: Although it is related to the business field and industrial chain, it also faces competition. In the Internet of Things market, both IOT West and Xingyun Zhilian need to compete with other companies to gain more market share and customers.