Is Jiaxing Golden Hammer an illegal fund-raising?

Not exactly. Jiaxing Jinlangtou Trading Co., Ltd., founded in 2022, is located in Jiaxing City, Zhejiang Province, and is a corporate enterprise company mainly engaged in wholesale industry. Golden Hammer is a digital e-commerce APP developed by Jiaxing Xiaomi Culture Communication Co., Ltd., which takes "creating together * * * *" as its core values, devotes itself to the supply of all kinds of goods and services, and advocates a brand-new lifestyle of environmental protection, health and digitalization. The company is a legitimate business enterprise registered and licensed by the Ministry of Industry and Information Technology, not an illegal fund-raising.