Xiangtingche secures multi-million-yuan financing, builds a smart cloud-based parking platform

The city-level smart cloud-based parking platform Xiangtingche (Enjoy Parking) has completed tens of millions of yuan in financing and received hundreds of millions of yuan in supporting construction funds. The investor is an institution in Shenzhen. Proceeds from this round of financing will mainly be used to accelerate market expansion and team building.

The city-level smart cloud-based parking platform Xiangtingche (Enjoy Parking) has completed tens of millions of yuan in financing and received hundreds of millions of yuan in supporting construction funds. The investor is an institution in Shenzhen. Proceeds from this round of financing will mainly be used to accelerate market expansion and team building.

Xiangtingcheis a subsidiary ofXiamenZhongka Technology, which was established in 2002, is a national high-tech enterprise.

A developer and operator of a cloud based city parking service platform, the company’s platform utilizes cloud computing, internet of things, big data and other information technologies to build the infrastructure for their smart city parking operation, enabling Governments and operating enterprises to more efficiently manage parking services.

The company’s platform allows users to monitor, remotely manage parking lot operations that are supported by statistical and big data analysis.

According to Li Changping, founder and chairman of Zhongka Technology, more than 20 cities have signed up to Xiangtingche, and it has obtained franchise rights of more than 100,000 parking spaces with millions of platform users.

Li Changping predicts that the revenue of Xiangtingche this year will exceed 100 million yuan.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/08/xiangtingche-secures-multi-million-yuan-financing-builds-a-smart-cloud-based-parking-platform/.

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