Broadlink, the mainland-based maker of smart home products, said on February 5 that it has completed its fourth round of funding to expand its AI and Internet of Things (IoT) businesses and takeover, according to the South China Morning Post Including Citic PE and detergent maker Libido, and even mainland-based Internet giant Baidu is also funding the list Broadlink said the total raise of 343 million yuan (about 54.4 million US dollars) , Setting the highest ever record of funding for the smart home industry in mainland China.The company also revealed its intention to make an initial public offering of shares on the mainland but did not provide a timetable.It pointed out that the mainland smart phone maker Xiaomi, which also sells smart home products, Broadlink has always been the biggest rival, it now appears Broadlink has held more silver bullets to expand, so that it is more able to Xiaomi grab market pie. Broadlink said the merger can help to strengthen its market strength, which will Will actively identify the smart home in the field of quality companies to strengthen the value chain. Broadlink currently in addition to the production of smart home products, but also set up a flat Broadsourcing DNA, a platform-as-a-service (PaaS) business that allows customers to develop, execute and manage applications through this cloud platform Broadlink believes PaaS will help traditional home device manufacturers move towards digital In addition, Broadlink has also worked with 18 real estate developers in mainland China, including Vanke, China Merchants Property and COFCO Real Estate, to jointly develop the latest home technologies and solutions.
