Xiamen Ketuo, a smart parking company, won a stake in Tencent

Today, Xiamen Ketop Communication Technology Co., Ltd. (hereinafter referred to as "Ketop"), a leading domestic smart parking company, announced that it has acquired Tencent's shares. The two parties will work together to create a new pattern in the smart parking market. It is reported that Tencent’s investment in Ketuo Co., Ltd. is due to the rapid development of WeChat payment in the smart parking O2O scenario brought about by the company’s “parking lot operation management services” and “speed parking” business. In 2014, Ketuo Co., Ltd. and Tencent formed a relationship for the first time and officially launched the smart parking application platform "Speed Parking" on WeChat to open up the channel for car owners and parking lot information. It became the first smart parking company in the country to cooperate with WeChat and cooperated with Xiamen Yu Zhou Shimao Mall has built the first WeChat smart parking lot in China that supports WeChat payment for parking fees, setting a precedent for WeChat payment for parking fees in China. Ketuo Co., Ltd. provides smart parking services through WeChat, using big data analysis, refined operations and other methods to achieve in-depth mining and application of traffic value in travel scenarios, creating a handheld smart parking lot in the mobile Internet era. Today, "Express Parking" services have reached tens of thousands of parking lots, with nearly 4 million following users. From 2016 to 2017, WeChat payment in parking lots connected to "Express Parking" grew 10 times.