A unit of Ant Financial Services Group has agreed to invest RMB200 million (US$31.5 million) in a Chinese smart parking company to jointly expand and accelerate the deployment of smart parking operations throughout China. Shenzhen Jieshun Science and Technology Industry Co., Ltd., listed on the stock exchange in Shenzhen, operates smart parking businesses that allow drivers to find the nearest parking spot, pay for parking via mobile payment, find discounted rates for parking and nearby shopping, and find their cars …

Ant Financial To Invest $31.5M In Chinese Smart Parking Firm appeared first on China Money Network.