Tencent was among the investors in a $12m series A round for the China-based parking space location app developer.
Internet company Tencent Holdings has taken part in a RMB80m ($12m) series A round for China-based car parking app Parkbees, China Money Network reported yesterday.
Shenzen Cowin Venture Capital Investments, Wang Jin-Wen buyout fund and Kun Ding car networking industry fund also took part, according to a statement by Parkbees.
The company’s app has been operational for around a year, allowing users to find available parking spaces on the street and in car parks.
Parkbees plans to use the funding…
