Zhejiang Wanma Co., Ltd. is a Chinese manufacturer of electricity transmission line.

In 2017, it formed a joint venture in rental business of electricity-powered logistics vehicles.

[9] Zhang Desheng—via his non wholly owned investment vehicle Zhejiang Wanma Group—owned 35.4123% shares.

[2] Wanma Technology (SZSE: 300698) started its own initial public offering in 2017.

Immediately after the IPO, Zhang Desheng, owned 30.750% shares directly, as the largest shareholder of that company.