Recent news related to Meridian Capital China
www.joyowo.com, a beneficiary of Meridian Capital’s Series A investment, recently announced it has completed RMB 100 million yuan Series B investment. Meridian Capital, Tsinghua Holdings Yinxing Venture Capital, Sequoia Capital China Fund, and Greenwoods Asset jointly participated in this time’s financing. Series A financing of www.joyowo.com was led by Meridian Capital, and co-invested by Sequoia Capital, in this time’s Series B financing both sides continued to add investment to www.joyowo.com.
Online human resource service platform www.joyowo.com is the leader in the current online human resource field. Founded in April 2014, www.joyowo.com first put forward the concept of offering fully digitalized online service to SME and micro enterprise customers via SaaS+Cloud through HR service modules of social insurance management, salary distribution, individual income tax declaration in China. Starting from scratch, within less than two years www.joyowo.com has set up its own direct subsidiaries in 24 core first-tier cities, with nearly 1000 employees, the social security management service it offers now covers 400+ cities in China.
In the field of enterprise service, everything has just begun. With the development of the Internet of Things, and construction of cloud infrastructures, Internet begins to enter more complicated corporate service field. Unlike C-end individual consumers, corporate service has more complicated business needs and circulation relation, it also involves diversfied data statistical needs; when B-end customers choose service provider, the motivation not merely lies in free or cheap service, instead they will rationally consider service quality of service providers, and they are willing to pay for efficient services. China is gradually witnessing the emergence of Internet companies that truly enter enterprise core inside to serve enterprises by relying on technology development as the tool.
