Tech in China
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Tech in China

Construction Management SaaS platform in China: Ji Zhi Bao

“Ji Zhi Bao” is the first construction management SaaS platform in China’s engineering industry.

Its product strategy is to reach customers using standardized SaaS products, and extend their help to the customers through centralized management and control of key data including capital data. It helps customers manage project site dynamics, construction process, quality control, etc.

The core product of Jizhibao uses accounting service as an entry point, and gradually builds a To B-end engineering data intelligent center.

The current scale of China’s pan-engineering industry market has reached $6,371 billion USD surpassing retail, logistics, rental transportation and other industries. “Jizhibao” has covered highway, municipal, subway, housing construction, port and shipping, water conservancy and waterway, railway, and other key projects, and has established service teams in cities such as Beijing, Jilin, Huhehaote, Wuhan, Changsha, and Guiyang.

Ji Zhi Bao has completed three rounds of financing so far. Investors include professional investment institutions such as Z Ventures Group, Innoangel Fund, Yonghua Capital, and industrial capital such as Glodon and XforcePlus. Currently, its B round of financing is still in progress.

According to reports, the size of the Chinese SaaS market will reach $2 billion USD in 2019, and will maintain a high growth rate in 2020, reaching $2.8 billion USD, with a growth rate of 34.3%, with a huge space for potential market development.

Source: https://www.36kr.com/p/774202122469506

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Tech In China

Tech In China

Stories about China’s tech giants, startups, funding, venture capital, trends, and industries of tomorrow.