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Corporation
INDUSTRIAL | Manufacturing / Industrial Equipment & Component Manufacturing
jljgdq.cn

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Investments

1

About Jinguan Electric

Jinguan Electric (300510.SZ) is a high-tech company that manufactures smart switch equipment.

Jinguan Electric Headquarter Location

4 Yanshou Rd Shuangyang Economic Development Area

Changchun, Jilin, 130600,

China

+86 0431-84155588

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Latest Jinguan Electric News

Jinguan Electric to Supply Parts, Services to People.Cn's E-Bike-Sharing Scheme

Jan 22, 2020

Jinguan Electric to Supply Parts, Services to People.Cn's E-Bike-Sharing Scheme Tang Shihua Jinguan Electric to Supply Parts, Services to People.Cn's E-Bike-Sharing Scheme (Yicai Global) Jan. 22 -- Jilin Jinguan Electric will provide key components and services to the smart electric bike sharing project of People.Cn in a three-year contract worth CNY600 million (USD43.4 million), the company said in a statement yesterday. The two have signed a cooperation agreement, per which People.Cn will prioritize purchases of power supply facilities, rechargeable electrical equipment, batteries and battery materials, and the corresponding maintenance services from Jinguan in the former's fifth-generation wireless network-based urban smart electric bike sharing project, People Go, the Jilin province-based electric device supplier said. Jinguan's shares [SHE:300510] climbed 1.07 percent to CNY5.69 (82.4 US cents) in the afternoon, while People.Cn [SHA:603000] closed up 2.66 percent at CNY22.32 (USD3.23). People.Cn plans to place at least 200,000 e-bikes across China within the year. It will pay a minimum of CNY100 million for parts and services to Jinguan in the first year, which is equal to 8 percent of its 2018 operating income, per the statement. People.Cn launched the People Go project in September. Its target users are public servants who travel within 10 kilometers in cities. Users need not put down a deposit, and their work units collectively purchase services or business travel cards. People.Cn currently has a small market share in the country's fiercely competitive bike-sharing business, but projects aimed at civil servants have been rare thus far. People's Daily is one of China's most important official media and People.Cn is its digital technology service arm. Editor: Ben Armour

Jinguan Electric Investments

1 Investments

Jinguan Electric has made 1 investments. Their latest investment was in MailTime as part of their Corporate Minority on September 9, 2019.

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Jinguan Electric Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/23/2019

Corporate Minority

MailTime

Yes

2

Date

9/23/2019

Round

Corporate Minority

Company

MailTime

Amount

New?

Yes

Co-Investors

Sources

2

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