[Travel News]: Smart hotel solution provider Xiezhu receives USD 45.6 million in Series B financing aims to provide the latest global travel and free travel news, travel and visa policies, and flight information. We hope to provide insights into tourism market, technology and development trends with everyone by providing the latest relevant information. Despite the raging COVID-19 epidemic in 2020, we always firmly believe that mankind will overcome the disease and the tourism market will definitely recover. look forward to your attention and support, and witness the development of the global tourism industry with us. Looking forward to the information provide can help you. We will continue to follow up and obtain the latest data, and look forward to your attention and support.

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The proceeds will be used for product R&D, market expansion and customer service.

Intelligent hotel solution provider Xiezhu Technology raised 300 million yuan (USD 45.6 million) in its Series B financing round this month. Led by Addor Capital, the round was also backed by Qingdao Haikong Tiancheng Fund and existing investor SR Capital, which also invested in the company’s Series A financing. 

The fund will be used for the company’s product R&D, market expansion and customer service.

Styling itself as an “AIoT (Artificial Intelligence of Things) company”, Xiezhu said it is committed to the R&D of 5G applications, AI chips, the Internet of Things, big data, and cloud technology. 

The company claims to have proprietary technologies for AIoT chips, wireless communication and smart control, as well as products including Pandora (a 24-hour online guest room voice-control butler), U Check (intelligent front desk), U Touch (WeChat whole-house intelligent control platform), Smart Cube and Lingyan big data operation platform.

With the partnership with Addor Capital and its specialty in technology sector investment, Xiezhu expects to further its underlying technologies, cloud services and industry applications, and accelerate the development of smart hotels, smart elderly care, smart homes and smart offices.

Empower the digitalization of China’s hotel industry 

The pandemic has catalyzed market changes, and digitalization and franchising have become vital for hotels to stay competitive to face future uncertainties.  

As a service provider for developing smart hotel settings and digital intelligence strategy, Xiezhu helps hotels launch products and services such as “Care-free Rooms”, “Reliable Hotels” and contactless services. 

Xiezhu’s products are used in 500,000 hotel rooms across the country, with 7 million IoT devices online and 3 billion daily cloud data requests. It customizes smart solutions for a range of hotel groups, including Jinjiang, Huazhu, Sunmei, Dossen International, Narada, Yeste and Jinling.  

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