LZMH Completes 58 Million Yuan Financing to Build a One-Stop Diversified Community Service Platform (Reprint)
Recently, LZMH Network Technology Co., Ltd. (hereinafter referred to as "LZMH") announced the completion of a 58 million yuan financing, with a valuation of 658 million yuan. This round of financing was jointly invested by Wuxi state-owned high-tech investment institutions and Qianhai Zhixing Capital. LZMH stated that this financing will be mainly invested in the continuous research and development of the IoT access control system, larger-scale product deployment, and team building.
LZMH was founded in Xiamen in September 2014, and in September 2017, the company headquarters was relocated to Wuxi High-tech Zone through investment promotion by the Wuxi municipal government. The company focuses on smart communities, using IoT access control as an entry point to build a one-stop diversified community service sharing platform.
At the same time, LZMH has carried out in-depth cooperation with Tencent on WeChat Mini Program mobile phone keys; business docking cooperation with Baidu on the DSP advertising platform; strategic cooperation in community finance with Industrial and Commercial Bank of China, Changyin 58, etc., and in-depth agency cooperation with powerful advertising companies in various cities. Starting from the most frequently used IoT access control in the community, it is widely used in all aspects of the community IoT, which is of positive significance for promoting technological progress and high-quality industrial development in the IoT field.
The recognition from Wuxi state-owned high-tech investment institutions and Qianhai Zhixing Capital is inseparable from the strength of LZMH. In terms of hard power, LZMH has operated in more than 40 cities across the country, entered more than 1,500 mid-to-high-end urban communities, installed 35,000 IoT portal screens, and covered 1.5 million high-quality urban household users. In terms of soft power, LZMH has formed stable cooperative relationships with major customers such as Huiyuan, Bright, Daodaoquan, Jinzai, Mercedes-Benz, Tuniu, Suning.com, Gree, and China Telecom. And with the active expansion of the company's sales team, the number of high-quality customers is still growing at a high speed.
This financing has injected new impetus into the development of LZMH. LZMH will continue to deploy offline access control to achieve a larger area of product deployment and enhance the company's hard power; at the same time, it will focus on building a sales team, continue to tap the product advantages of LZMH, and enhance the value of advertising services.
Relocation and Upgrade, Increase Production Capacity, and Officially Launch Blockchain Applications
On April 10, the Wuxi LZMH Blockchain Application Laboratory was unveiled in Mengxi Town. On the same day, the LZMH relocation ceremony and the launch ceremony of the APP neighborhood section were held simultaneously.
The relocation of LZMH from Xiamen to Wuxi High-tech Zone, on the other hand, expands the office and factory area, further improves the company's production capacity, meets market demand, and is conducive to promoting the company to seize market share with better quality, more efficient, and faster services, thereby continuously improving the company's market competitiveness; on the other hand, the many preferential policies of Wuxi High-tech Zone will stimulate innovation and creativity, and help LZMH to become bigger, stronger, and better.
At the same time, LZMH will make better use of the first-mover advantage of Wuxi's IoT industry to help promote the transformation and governance goals of the Xinwu District Government (and even the entire Wuxi City and Jiangsu Province) for community intelligence, grid management, and safety, solve community security, neighborhood mutual assistance, and convenient life, create and enhance social and corporate value, and build a new efficient and sustainable smart community ecosystem.
The successful unveiling of the LZMH Wuxi Blockchain Application Laboratory also marks the official launch of LZMH's blockchain application. The research results of the laboratory can be applied in the fields of blockchain keys, blockchain IoT devices, blockchain monitoring and advertising contracts. Not only that, the establishment of the blockchain application laboratory can also improve the company's independent innovation capabilities, solve the innovation of key technologies, and at the same time, it will also bring positive significance to promoting technological progress and industrial development in related fields in Wuxi.
Expansion of the Sales Team, Strong Certainty of Future Performance Growth
As a leading scene interactive community media group in China, LZMH provides comprehensive life services for community residents and disseminates family home consumption information based on community smart door opening applications. Its advertising forms include IoT access control video advertising, IoT access control interactive pop-up advertising, garage access control audible light box advertising, APP advertising, etc. The IoT access control diverts traffic to the APP, interactively transmits brand information, and enhances brand value.
With 35,000 IoT portal screens, LZMH covers a massive middle-class customer base, locks in the main force of community purchases, and stable middle- and high-income community families, and its advertising value is highly favored. At present, it has a stable advertising cooperation customer in different fields such as entertainment, tourism, sports, automobiles, and housekeeping.
Advertising sales play a decisive role in the company's overall revenue situation. LZMH continues to strengthen the management and construction of the sales team, and the product sales area and field continue to expand, achieving stable growth. With the development of the market in 2018, the company attaches great importance to the construction of sales channels. With the further expansion of the sales team, the number of advertising sales will continue to increase, and the company's future performance growth has strong certainty.
Some industry insiders pointed out that the "IoT access control intercom system" of LZMH innovatively endows community information release, advertising media release, community O2O transactions and other functions on the basis of the traditional building intercom system functions, building a communication bridge between community residents, landlords, tenants, merchants, advertisers, and property management, significantly improving the level of community informatization construction, and further promoting the realization of my country's smart city construction goals. Its subsequent development potential is very worth looking forward to.