In China, driving is hard and parking is even harder.

　　Where there are pain points, there are always opportunities. An Internet company has come up with a solution…

　　Fosun Leads Investment in “Easy Parking”

　　On November 2, online parking company “Easy Parking” announced that it had completed Round B financing worth several hundred million Chinese Yuan. This round of financing was led by Fosun with investments from RedstarMacalline, CMIG, FreesFund, Taoyun Capital and other well-known industrial investors and leading investment institutions.

　　Fosun Chairman Guo Guangchang claimed that after-market services for transportation, travel, and automotive is a key industry that can form high-frequency connections with customers. More importantly, it is a blue ocean market. Fosun hopes to find an enterprise to grow alongside, which has deep understanding and operating capacity in transforming traditional industry by the internet. Meanwhile, Fosun is able to make full use of expansive synergistic industry advantages to create greater value in Hive Cities, Healthcare, and Consumption Upgrade.

　　About Easy Parking:

　　The Easy Parking platform went online in May 2015. Having established extensive collaborations with several leading domestic parking management companies in key areas of first-tier cities in China, the platform has rapidly begun to oversee large commercial and public parking representing the most strategic value. The company’s services have won recognition from the majority of B-side owners thanks to the depth of its service capabilities.