According to the Tianyancha App, recently, Orange Bank Sports and Culture Development Co., Ltd. was established. The legal representative is Peng Keng, with a registered capital of 15 million yuan. Its business scope includes planning sports events, organizing sports performances, and organizing sports competitions. According to shareholder information, the company is jointly owned by Shanghai West Bund Cultural Industry Investment and Development Co., Ltd. and Orange Lion Sports Co., Ltd., a subsidiary of Ali, with shareholding ratios of 70% and 30% respectively.

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