Zhejiang Hopechart Electronic Technology Co., Ltd. announced that it expects to receive CNY 50 million in funding from Hangzhou Hopechart IoT Technology Co., Ltd.
November 11, 2019
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Zhejiang Hopechart Electronic Technology Co., Ltd. announced that it will receive CNY 50 million in an equity round of funding on November 12, 2019. The transaction will include participation from returning investor Hangzhou Hopechart IoT Technology Co., Ltd. (SHSE:688288). The transaction has been approved by the board of directors of the investor at the 14th meeting of the 1st directorate.
Hangzhou Hopechart IoT Technology Co Ltd is a China-based company mainly engaged in the research and development, production and sales of automotive intelligent networked equipment and big data cloud platforms. The Company is mainly engaged in three businesses. The intelligent business is mainly engaged in the research, development and production of advanced assisted driving systems. The connected business is mainly engaged in the research and development of intelligent enhanced driving systems, human-computer interaction terminals and in-vehicle networking terminals. The smart city business mainly includes smart city government management platforms and operation services applied in the fields of urban waste, sanitation, water affairs, and meteorology. The Company mainly conducts its business in domestic and overseas markets.
Zhejiang Hopechart Electronic Technology Co., Ltd. announced that it expects to receive CNY 50 million in funding from Hangzhou Hopechart IoT Technology Co., Ltd.
HANGZHOU HOPECHART IOT TECHNOLOGY CO.,LTD 
