EXHIBIT 21.1

TD Holdings, Inc.

Subsidiaries of the Registrant

Name of Subsidiary	Jurisdiction of Incorporation or Organization
HC High Summit Holding Limited	British Virgin Islands
Zhong Hui Dao Ming Investment Management Limited	Hong Kong
Tongdow E-Trade Limited	Hong Kong
TD Internet Of Things Technology Co., Ltd.	Hong Kong
Shanghai Jianchi Supply Chain Co., Ltd.	People’s Republic of China
Shenzhen Huamu City Trade Co., Ltd.	People’s Republic of China
Shenzhen Qianhai Baiyu Supply Chain Co., Ltd.	People’s Republic of China
Tongdow (Hainan) Data Technology Co., Ltd.	People’s Republic of China
Hainan Jianchi Import and Export Co., Ltd.	People’s Republic of China
Hainan Baiyu Cross-border E-commerce Co., Ltd.	People’s Republic of China
Yanzhou Baiyu Venture Capital Co., Ltd.	People’s Republic of China
Yangzhou Baiyu Cross-border E-commerce Co., Ltd.	People’s Republic of China