In early 2016, Huafeng Microfiber also built an e-commerce platform in order to promote informatization. You Mouping, chairman of the board of directors of Huafon Group Co., Ltd. (referred to as Huafeng Group) and chairman of Huafeng Microfiber, has the intention to acquire companies that develop software and can carry out e-commerce platform business, and has begun to ask private equity institutions and others to recommend investment targets. . In early February of the same year, Wang Moudong of Haitong Securities recommended Shenzhen Weifutong Technology Co., Ltd. (referred to as Weifutong) to You Mouping.