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PP Parking
Mobile application for finding and paying for parking
About PP Parking
Shenzhen Shenzhou Lulutong Network Technology Co., Ltd., operating as PP Parking (660pp.com), was founded in 2013 by Li Jian. The company is a strategic investment enterprise of the Tencent Group.
PP Parking operates as a smart parking solutions provider in China. The core of its business is the "PP Parking" mobile application, which allows users to find available parking spaces, navigate to them, and process payments electronically. The platform provides features such as real-time data on available spots, indoor navigation to locate a parked car, and support for multiple mobile payment methods to facilitate a faster exit from garages. The business model primarily serves individual car owners through the mobile app and partners with parking garage operators to integrate its technology.
The company's offerings extend beyond a consumer-facing app to include a broader suite of smart parking and IoT-related technical services. It provides hardware and software development, system integration, and information solutions for smart cities and intelligent transportation. The company's team has experience from major tech firms like Tencent, Huawei, and Baidu.
Source: Dealroom company dataKnowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VC✓Equity / VC | Oct 2020 | $30M | $119M | Tencent | — |
| SERIES A✓Equity / VC | Jun 2015 | $1.5M | $6M | Synergetic Innovation Fund Management | — |
Growth signals
Latest recorded traffic for PP Parking is 4.2K monthly website visits, up 320% over the last three months. PP Parking's team grew 0% over the past year.
Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
- SMSynergetic Innovation Fund Management
Series B and later1 investor entered at this stage
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about PP Parking on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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