Asked about its listing plan, Hu Zhenyu admitted Shenzhen Huole Technology Development Co., Ltd., the parent company of JMGO, had intentions of going public, but added that this is not the ultimate goal. The recent financing represents a pre-IPO round for JMGO.
China smart projector tv portable#
JMGO P3S portable projectors are now available on the OPPO channel. Additionally, JMGO will benefit from OPPO’s supply chain resources and channels. The two will have business overlap as OPPO is developing its IoT business and expanding its smart home ecology based on smartphones. Hu Zhenyu, founder and chairman of JMGO, claimed it was because of the positive development potential of business collaboration between the two companies that JMGO chose OPPO.
OPPO is a new industry investor introduced in this round.
In 2020, JMGO launched its own “LUNA” operating system. JMGO started out from smart home projectors, releasing several product lines including the G series for household use, P series for portable use, J series for household performance, U series for high-end laser TVs, O series for wall or projection surfaces and more. JMGO was founded in Shenzhen in 2011, specializing in the field of smart projectors. The funds are intended to be used as working capital to support the expansion of JMGO’s business scale, and to invest in key strategic businesses such as technology reserves, product development, channel expansion and brand promotion. Fangchuang Capital was the exclusive financial adviser. The co-investors were OPPO, IDG and Lexun Tiancheng. JMGO, a smart projector brand, has secured 1 billion yuan ($157 million) in new financing, 36Kr reported on Tuesday.
0 kommentar(er)
