Biwang Cloud has completed a Series B financing of approximately RMB 500 million. This round of financing was led by Shenzhen Venture Capital, Oriental Fuhai, and the National Small and Medium Enterprises Development Fund. After Alibaba’s investment, Baiwang Cloud received investment from the “National Team”. Baiwang Cloud stated that after this round of financing, it will continue to increase its research and development efforts on cloud computing, big data, artificial intelligence and other technologies, and continue to provide services to industries and industries through invoice business.

Biwang Cloud stated that after this round of financing, it will continue to increase its research and development efforts on cloud computing, big data, artificial intelligence and other technologies, and continue to provide services to industries and industries through invoice business.

According to information from Tianyancha, in March this year, Baiwang Cloud received a strategic investment of RMB 517 million from Alibaba. As early as 2016, Baiwang Cloud cooperated with Alibaba to build the Alibaba electronic invoice platform. For Alibaba, its core e-commerce business is inseparable from business support such as electronic invoices. At the same time, Alibaba’s strategic investment can also allow Baiwang Cloud to expand into more scenarios, and the two businesses have synergy.

According to Gaojie Gaozhen, Baiwang Cloud and Tencent have also cooperated. Tencent launched Baiwang electronic invoice solution based on WeChat. For Alibaba and Tencent, which are vigorously developing online payment businesses, electronic invoice business is an indispensable part. For Baiwangyun, the introduction of investment from the "national team" this time will not only increase its endorsement, but will also help further expand business scenarios.

“Research and promote the electronicization of special value-added tax invoices as soon as possible”, the digital upgrade market of corporate finance and taxation will bring more benefits to Baiwang Cloud. The full name of the company owned by Baiwang Cloud is Baiwang Co., Ltd., which was established in 2015. It is a company that provides enterprises with invoice management systems, electronic invoice service platforms, invoice supply chain collaboration, invoice financial services, smart financial and taxation solutions and financial and taxation invoices. SaaS cloud platform services.