Guanxi.me Secures Series A Funding from SingTel Innov8 for China and Asia
SHANGHAI, Oct. 25, 2012
SHANGHAI, Oct. 25, 2012 /PRNewswire/ -- Guanxi Inc. (www.guanxi.me), a
Cayman-based mobile social network services (SNS) company, today announced the
completion of Series A funding led by SingTel Innov8 and including an
investment from Timothy Draper of Draper and Associates. Guanxi Inc. recently
completed its spin-off from mInfo Inc. (www.minfo.com), a leading Chinese
mobile search and marketing provider.
Guanxi Inc. operates the Guanxi.me SNS platform consisting of smartphone apps,
mobile-web services, SMS services and web-based backend management systems.
The Guanxi.me app, available on both Android and iOS, enables users to see and
interact with people and places around them, and intelligently notifies them
when relevant people or offers are nearby.
With Guanxi Radar, Guanxi.me also allows users to define and automatically
scan for relevant people nearby without even turning on the app. Our users
will never miss a chance to meet someone they care about again. The Guanxi
mobile-web and SMS services allows feature phones to receive many of the
benefits of the Guanxi.me platform without downloading an app. Guanxi.me is a
truly innovative way for users to find and interact with current and future
Guanxi Inc. plans to use the funding to expand its team, build up a
carrier-grade operating platform, grow its user-base through innovative
marketing strategies and raise awareness for the service beyond China.
CEO and Founder of Guanxi, Alvin Wang Graylin said, "For thousands of years,
Guanxi is the term used to describe the key social model in Asia. Guanxi.me
applies that concept and has adapted it for the modern world. Unlike other
social networks, we are focused on using advanced mobile technology to
increase and enhance face-to-face contact between our users, not replace it. "
"We are excited about Guanxi's promise of a more intelligent and automated
mobile social networking user experience," said William Bao Bean, Managing
Director at SingTel Innov8. "We look forward to supporting Guanxi's geographic
expansion of their innovative solution into the various markets the SingTel
Group operates in."
About Guanxi Inc.
Guanxi Inc. (www.guanxi.me) operates Guanxi.me, a new social networking
platform that uses innovative mobile technologies to seamlessly help users
discover and create meaningful connections with people around them. The
Guanxi.me app is available on iOS and Google Play app stores and also supports
operations on feature phones. Founded in 2012, Guanxi Inc. is headquartered in
Shanghai China, with offices in Chengdu China and Seattle USA.
About SingTel Innov8
SingTel Innov8 (Innov8), a wholly-owned subsidiary of the SingTel Group, is a
corporate venture capital fund, with its own set of decision making, approval
and funding processes. It has an initial fund size of S$200 million. Innov8
focuses its investments on technologies and solutions that lead to quantum
changes in network capabilities, next generation devices, digital content
services and enablers to enhance customer experience. It works closely with
the ecosystem of leading innovators, developers, government agencies, R&D and
capital providers to bring cutting-edge technologies and solutions to the
various markets the SingTel Group operates in. (innov8.singtel.com)
SOURCE Minfo Information Technology Co., Ltd.
Contact: Alvin Wang Graylin, +86-21-6090-4388 x1001, of Guanxi
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