At present, the largest shareholder of Tangduo is still the founding team, and the ultimate beneficiary is Zheng Ziyue, the founder of Tangduo. According to an eye-catching survey, the legal representative, chairman and ultimate beneficiary of Tangduo's parent company, Shanghai Tangyi Cosmetics Co., Ltd., is still the founder himself, so Tangduo is of course a domestic product. The previous changes in equity was preparing for future overseas development, which does not mean that Tangduo is not a domestic product.