The amount of the deal was not disclosed.
Backers included Shanghai Zhangjiang Torch Venture Capital Co.
The company intends to use the funds for technological innovation. It will soon release new services to the market to allow customers to increase operation efficiency for their thousands of stores in hundreds of cities.
Led by Lu Guoming, founder and CEO, exands is a business-to-business wireless service provider which has invented SMS authentication to access Wi-Fi and introduced national roaming Wi-Fi functions in the telecommunications network serving globally renowned brands, including President Coffee, Haagen-Dazs, Buick, Chevrolet, and commercial real estate developers Wanda Group and Charoen Pokphand Group.
FinSMEs
14/06/2016