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LifeSmart has officially completed the Series C1 Financing recently, which is exclusively invested by New World China.
New World China Land Limited (“NWCL”) is the flagship Mainland China property arm of Hong Kong-listed New World Development Company Limited and an early Hong Kong pioneer entering the China property market. NWCL is committed to the development of large-scale mixed-use commercial landmarks, offices, shopping centres, high-end residential neighbourhoods and hotels while preserving local heritage, creating sustainable developments that allow people, city and nature to flourish in harmony. NWCL has delivered many iconic urban complex projects in recent years such as Shanghai K11, Guangzhou Chow Tai Fook Financial Center and Beijing Rosewood Hotel.
Guangzhou Chow Tai Fook Financial Center
Beijing Rosewood Hotel
In 2019, to deepen cooperation with representative companies in emerging industries, the CEO of New World China led a team to visit LifeSmart to explore innovative breakthroughs in the fields of residential property, hotels and serviced residences. At the beginning of 2020, LifeSmart has reached a strategic cooperation with NWCL, becoming its only partner in domestic smart home projects.
This recent financing means that the two parties will carry out closer cooperation in the field of smart real estate, integrate the smart home products and ecology of LifeSmart and the real estate industry chain of NWCL, and jointly promote the entire link of product research, design, production and promotion, creating high-end smart residential benchmark projects for the world.
This is the fourth round of financing for LifeSmart. Previously, LifeSmart has received hundreds of millions of investment from Tisiwi, SAIF Partners, Walden International, and BridgeOne Capital.
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