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Short Term Investment
3 Months Ended
Mar. 31, 2022
Short Term Investment [Member]  
SHORT TERM INVESTMENT

7. SHORT TERM INVESTMENT

 

As of March 31, 2022, the balance of short term investment was $1.80 million. On September 6, 2021, Future Private Equity Fund Management (Hainan) Co., Ltd. invested $2.05 million (RMB13,000,000) to entrust Shanghai Yuli Enterprise Management Consulting Firm to invest in various types of investment portfolios. According to the market value, the Company’s balance of the short term investment was $1.8 million on March 31, 2022.