PEAKS-ECO was founded in 2005, with a registered capital of RMB 120 million yuan (USD 16.4 million). It is a Chinese high-tech enterprise that fully integrates garbage pretreatment system, transfer system, sorting and recycling system, Internet of Things system and weighing system. The company combines independent R&D with production and investment. Its business has expanded to many regions both domestically and internationally, with main production bases in Hainan, Xinjiang and Guangxi. The company has more than 300 employees and about 50 senior technicians. In 2018, it established Huaxia Qingshan (Beijing) Eco-Environmental Technology Co., Ltd in Beijing, focusing on the design of solid waste treatment system and the research and development of high-tech products. The company has reached strategic cooperation with world's leading environmental governance enterprises. It also collaborated with research institutes and China’s state-owned enterprises in waste treatment projects.