In 1999, Hangzhou Gongshu Bearing Factory was renamed Zhejiang Rolling Bearing Factory, and in the same year, it was renamed Zhejiang Rolling Bearing Co., LTD., with its own brand "TMB". The company was renamed Zhejiang Tianma Holding Group Co., LTD in 2002, Tianma Holding Group Co., LTD in 2004 and Horgos Tianma Venture Capital Group Co., LTD in 2016.