@Prodigal @matrix I just saw it while I was looking into the name. Nice.
Turns out that it is from the city of Shanghai. Why the Chinese wrote it separately, I don't know. I did an introductory course of Chinese years ago, but have forgotten everything but the pictogram for horse (马, yes, it was Simplified Chinese); but if you understand more of it, maybe you can find out about the naming conundrum.
It's weird that the web page for the company doesn't seem to exist any more, at least according to the links provided in the normie sites I saw:
https://kotaku.com/chinese-resident-evil-fans-think-this-biotech-companys-1835609001