Shanghai SCIFINE Internet of Things Technology Co., Ltd. was established by investment from the Shanghai Institute of Microsystem and Information Technology (SIMIT), Chinese Academy of Sciences (CAS) and the Beibing Technology Investment Co., Ltd., China North Industries Group, in order to implement thoroughly the major decision-making arrangements of the Party Central Committee, the State Council, and the Central Military Commission on the development of military-civilian integration and the transformation of scientific and technological achievements.