Jiangsu Meile Group referred to as "meile group, was established in November 11, 2009. Group total assets of 1.62 billion yuan. Group sales revenue of 1.68 billion yuan in 2016, the realization of profit tax of 226 million yuan, was provided with a total investment of 40.83 million yuan, the real estate investment 253 million yuan, a total investment of 360 million yuan. Group covers an area of 705.6 mu, building area of 210000 m2, employees 2800 people. In January 2010, the group of foreign investment of 50 million yuan investment in Shanghai phoenix company, become a major shareholder of Shanghai phoenix group.

Group involved in cycling, optical instruments, metallurgy, machinery manufacturing, real estate, medical apparatus and instruments, education consulting service, finance and investment industries, products are exported to more than 40 countries and regions, including bicycle rims and spokes, chains, etc. Product has a 70% share in the country. Merlot circle is the huge steel production base in Asia, China for a long time the spokes is the country's vast spokes manufacturer, xin transmission is one of the world famous chain enterprises: the United States and Taiwan investment enterprises in the mainland of the chain co., LTD. Excellent and stable quality obtained the domestic and foreign customers consistent affirmation, "meile rims", "huajiu spokes", "xinmeiya chains" has become a domestic and international brand bicycle industry.