More than 200 companies in China have developed smart parking platforms since 2015 when Chinese National Development and Reform Commission promoted the application of smart parking systems. Many of those companies have also been favored by venture capitalist. The latest one is Xiamen, Fujian Province-based Keytop Parking Inc., a smart parking solution provider. The start-up has received investment from Chinese tech giant Tencent as a strategic investor, according to a company announcement released by Keytop yesterday. Smart parking allows car …

Tencent Invests In Chinese Smart Parking Solution Provider Keytop appeared first on China Money Network.