SaaS provider Qinlin Technology ends Series B round

May 14, 2019

Qinlin's tech unlocks residents' doors in large apartment complexes through various ways and offers ads and group-buy opportunities

Shenzhen-based Qinlin Technology has completed its Series B financing round,  taking in “several hundred million in RMB” (which amounts to multiples of USD 14.9 million) from investors including Xiaomi and JD.com’s fintech arm JD Digits.

Qinlin, a Software as a Service (SaaS) vendor, did not disclose the actual sum. The firm offers property-management companies a free door-access app in exchange for the right to circulate information on it, including ads, to all residents living in a complex.

Via this system, residents can unlock doors in various ways including scanning a code, showing their faces, or tapping in via their Xiaomi smartphones that have a near-field communication function.

Qinlin has also added a group-buying site inside this system, allowing residents to buy goods such as fresh produce at discounted prices.

Read more here

Join us in Miami Beach, June 5-7 for the Global Online Marketplaces Summit.

Miabannermay12

May 14, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Hemnet Building With Logo Editado
​Hemnet Delivers Strong Q1 Results Amidst Product Innovation and Market Momentum​

Sweden's leading property portal, Hemnet, has reported impressive financial results for the first quarter of 2025, showcasing the robust growth...

Read More
Product Update 2025Apr25 1
Product and Services Roundup: Loopnet, Finn.no, REA Group, Rightmove, Housing.com, AtHome.jp

This week's Product Roundup is flush with some of the biggest names in global real estate. We'll start in Europe,...

Read More
Offerpad Opendoor Stock 2
American iBuyers Opendoor and Offerpad Both Face Delisting From Stock Exchange

U.S.-based iBuying firm Offerpad has received a notice from the New York Stock Exchange regarding non-compliance with continued listing standards....

Read More
Untitled Design 9 3
Zillow Begins Rolling Back its Two-Tab Search Experience

Zillow has begun rolling out a major update to its search experience, moving away from a rule it once implemented...

Read More

Editor's Pick