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China Smart Lock Company "Dding" Received RMB 270 Million C+ Rounds of Financing
    July 23,2018



Beijing Smart Lock Company "Dding", recently has received rmb 270 million C+ rounds of financing. This round of financing will be mainly used for research and development of core technologies such as Dding IOT and security, as well as investment in supply chain and marketing channels. 

 

 

Dding Technology Company was established in May 2014. The company's products mainly focus on home smart security. It owns two brands, Dding and Loock, which target the apartment market and the home market.

 

The Dding brand for the apartment market has products such as smart door locks, smart meters, smart water meters, and intelligent management of SaaS services based on the above-mentioned products.

 

 

The Loock brand for the home market has a variety of smart home security such as Touch (fingerprint lock), T1 pro (fingerprint lock), Classic (fingerprint lock), Cat (smart cat's eye), Monitor (door and window sensor), Bell (bell) product.

 

 

According to the report of the world-renowned consulting firm Strategy Analytics, "Global Smart Home Equipment Forecast for 2018", last year, global consumers purchased 663 million smart home devices, which is expected to increase to 1.94 billion units by 2023. Increased to $155 billion.

 

At first, China's smart door lock market penetration rate is less than 3%. Dding Technology looks at the market demand, prioritizes the apartment market, and builds a bridge between the asset management system, apartments, hotel business systems and Internet smart door locks. Further layout of the market. Today, in the apartment door lock market, Dding Technology has a market share of more than 60%, and there are no fewer than 4,000 apartment brands to cooperate with.

 
In China, smart door locks are considered to be a cake with a trillion market, attracting many brands, including traditional lock brands such as Cadiz, Yajie, Deschman, Yale, Haier, Midea, Panasonic, Skyworth and other home appliance manufacturers. Internet brands such as Dding, Guojia, Advantage, Yunyou, Head Star, OLA, Eucalyptus, Haikang, Dahua, Bosch and other security giants, as well as Samsung, Huawei, ZTE and other electronic communication giants.
 
 
(Source: JJGLE.COM)
 
 
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