Smartisan- raised 43.5M dollars in new funding round

Smartisan has raised RMB 300 million (43.5 US dollars) in a new funding round

from its existing investors. For the current funding round the company does not

disclose participating investors but capital rising encompasses only existing

investors contributing on flow on investments. PurpleSky Capital is the existing

investor of Smartisan. In the previous months, there are rumors that LeEco will

buy Smartisan but the company announced the cool pad’s investment at the

same time. It is latest new release Smartisan Mi and M1L have acknowledged

strong market reactions and sales but there was no public information available

on the smartphone shipment.

Future plans

Smartisan has introduced a new operating system Smartisan OS 3.1 with much

improvement and 200 new features. Smartisan plans to open source two of OS

3.1’s new features “one step” and “big bang” and which it hopes will become the

novel standard for the upcoming generation of android phones. “with new

inventive features our new OS 3.1 brings Smartphone to the level of desktop and

beyond it, permitting Smartphone users to work more efficiently and accomplish

tasks which previously could only be done on PCs,” said Smartisan’s chief

executive Mr. Yonghao Luo. He also commit that “we have always dedicated to

producing phones that features superior craftsmanship and cutting-edge

technology and we are also proud of our new series which portray our ability.

About Smartisan

It is a Digital co.Ltd which develops consumer electronic products mainly

smartphones. Its main focus is on the sale of digital products and offers related

services. Smartisan was founded in 2012 by former English teacher and internet

celebrity Luo Yonghao and is based in Beijing China. The main mission of this

company is to draw upon a spirit of the artisan to create consumer electronic

products and improve people’s quality of life.

SOURCE: www.bloomberg.com

Smartisan- raised 43.5M dollars in new funding round
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