ThingPark China was founded in March 2017, co-invested by Actility (the industry leader in LPWA) and Ginko Ventures (Foxconn). In the latest funding round, Actility raised US$75 million from world-class enterprises (such as Foxconn, Swisscom and Cisco) to expand its IoT strategies on a global level.
ThingPark China enjoys the exclusive authorization from Actility for the ThingPark™ platform in China and Taiwan, and the global resources and support of Foxconn in product development, manufacturing and the supply chain. In addition, ThingPark China is supported by a seasoned product development and business operations team. As a result, it is in a unique position to provide a solid foundation for the development of an LPWA-based smart IoT ecosystem in China.
Bing Liu, CEO of ThingPark China said, “The global IoT market in general, and the Chinese IoT market in particular, both have tremendous growth potential. Actility has been focused on the development and advancement of IoT since its foundation, and ThingPark™ solutions have become the first choice of a majority of top-tier communications operators and enterprises worldwide. In addition, the ThingPark™ platform is network agnostic, able to service all LPWA technologies, such as LoRa, NB-IOT or eMTC. ThingPark China is dedicated to the development of an LPWA IoT ecosystem in China, and to enable IoT applications in a wide range of vertical industries.We will leverage this opportunity at MWC Shanghai to actively cooperate with communications operators, solutions providers and enterprise customers.”