On February 18, service robot supplier Yunji Technology has announced the completion of its B round of financing joined by Ctrip, Jolmo Investment, EBZY Capital and Hywin Fund.
Mr. Tao Zhi, cofounder and CEO of Yunji Technology, has revealed the plans for the current funding round after the company secured a strategic injection from Ctrip in January.
In September 2017, Yunji Technology raised tens of millions of dollars from Tencent Investment, HNA Tourism Ventures and other companies in its A round of funding
The Beijing-based startup has accumulated rich experience in the technologies of indoor positioning and navigation, intelligent mobility and big data applications over the past five years since its incorporation. In 2018, it has tied up with more than 600 domestic and international hotels and various partners in other industries, and has put nearly 1,000 robots into service.
Mr. Ruiliang Chen, CEO of Ctrip's accommodation business unit, said: “By working closely with Yuniji, Ctrip will continue to consolidate its leading position in artificial intelligence and smart devices. It will support our Easy Stay strategy to better meet the users’ needs.”
Yunji co-founder and president Kevin Hu said: “The latest financing proceeds will be channeled to back up the company’s development in 2020-2023. Before the conclusion of this funding round, we have already started connecting with the investors’ businesses in the areas of service, technology and product, with positive results.”