Global Mentor Board Capital, funded by Zhoushan native Hu Haiping in 2014, is listed on the Nasdaq in New York on March 9. [Photo/WeChat account: zjzsrbs]

Global Mentor Board Capital, which was funded by Zhoushan native Hu Haiping in 2014, was listed on the Nasdaq in New York on March 9, becoming the first Internet of Beings concept stock from China, local media reported.

With its ticker symbol "SDH", the company set its initial public offering price at $7.99 with a total estimated market value of $130 million.

Headquartered in Beijing and Shanghai, GMB aims to grow into a platform where small and medium-sized companies receive assistance from industry leaders to achieve upgrading.

Its main business is to offer services for project cooperation, product sale, and investment attraction via digital network and social activities.

To date, the company has established 51 offices in 35 Chinese cities, served 1,467 members and 5.49 million users of its mobile application and assisted its member companies in getting more than 3 billion yuan ($461.15 million) of financing.

GMB has also invited more than 1,400 mentors, including entrepreneurs, scientists and investors, to offer guidance to its members and users