ShangGong GEMSY CO., LTD. is a joint venture company which was invested RMB 216 million yuan from Shang Gong Group Co., Ltd. and Zhejiang GEMSY Electrical & Mechanical Co., Ltd. on 2 September 2015, with the purpose of developing Industry 4.0, carrying out the“intelligentization, modularization and platformization”of sewing equipment . The company is located in Taizhou, Zhejiang Province, reputed by “Home of sewing machine in China”, and the construction area is more than 40,000 square meters. The company has components processing, chassis bottom plate processing, electrostatic spraying and assembly lines and other equipment. It is a joint venture company established by a multinational listed company and a private enterprise with independent research and development, manufacturing and marketing capabilities.