Holding M type presently, may i apply a new M type thorugh another company?

1.The Business co-operation with the present company has been done and the visa will expire on February.

2. But, I got a new business opportunity from another company in Beijing.
May i allowed to apply a new M type with another company documents? in Beijing , is it comes under Renewal category ?

Let me know about it ASAP!
Thanks in Advance