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Beijing TransWiseway Information Technology
TransWiseway is a firm that develops transportation information service systems and applications for traffic monitoring projects
About Beijing TransWiseway Information Technology
Beijing TransWiseway Information Technology Co., Ltd. operates as an IT consultancy focused on the transportation sector in China. A significant milestone for the company was the launch of an innovation center for the Internet of Vehicles (IoV) in collaboration with IBM in June 2014. This initiative was spearheaded by Zhang Tong, the general manager of TransWiseway at the time. The partnership aimed to leverage IBM's technological expertise to build a comprehensive service platform for the rapidly growing IoV industry in China. The core of TransWiseway's business is to provide a suite of services for transportation enterprises, including operational support, management systems, and satellite position monitoring. The company also collaborates with government departments to enhance their supervision capabilities within the transportation network. By establishing the innovation center, the firm intended to develop a robust support platform for mobile services and create what they envisioned as China's largest Internet of Vehicles service system. The collaboration was seen as a strategic move to improve the competitiveness of China's IoV industry, a market that was projected to have substantial growth.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES AOther financing | Dec 2018 | $102M | $410M | Undisclosed | — |
Growth signals
Latest recorded traffic for Beijing TransWiseway Information Technology is 160 monthly website visits, up 0% over the last three months. Beijing TransWiseway Information Technology's team grew 0% over the past year.
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