On December 25, Tubao announced that it had won a 2.36% stake in Fsilon Home Building Materials Co., Ltd. for 253.88 million yuan. In 2018, Tubao 2018, which is the main building materials, spent a total of about 700 million yuan and invested in five target companies.
Fsilon is a home material production company that produces and sells integrated ceilings and integrated wall surfaces. It was founded in March 2007 in Zhejiang Haiyan. It belongs to the first echelon of the ceiling industry and has the largest integrated wall production base in the country.