Beijing-based Vhall Times Technology, operator of online and mobile virtual meeting platform Vhall.com, recently completed RMB 200 mln in Series C funding from Envision Capital, revealed Vhall founder and CEO Lin Yanting. Funds will mainly be used for product experience upgrades and to develop connections with the live broadcast industry, as well as to offer more personalized solutions for enterprises in different industries.
Li Yanting, CEO of Vhall, also revealed the company's strategy for 2017. First, Vhall will partner closely with upstream and downstream industry enterprises, and will focus on specific industry verticals including finance, medicine, and healthcare. Second, it will push to expand its business in the finance industry. Over the next two years, it will develop relationships with banking, insurance, and wealth management institutions, and will develop financial products related to securities, investment funds, precious metals, and loans.
Alibaba Cloud, the cloud computing arm of Alibaba Group (NYSE: BABA), was present at Vhall's announcement event as a representative for Vhall's cooperating vendors. Jing Hui, general manager of Alibaba Cloud's partnership operations, said that Alibaba Cloud will coordinate closely with Vhall in the future and that the companies will work together to develop the enterprise live video broadcast industry.
Vhall currently numbers among its users over 60 mln personal users, and more than 150,000 large enterprises in China and abroad.
Editor's Note: For more information on this topic, please see "Virtual Meeting Platform Vhall Secures RMB 9-digit Series B," MD 11/17/15 issue.