Evergrande High-Tech Group officially announced that it will strategically invest 300 million yuan in the dark horse of the smart home industry: Hangzhou Kongke Information Technology Co., Ltd., with a post-investment valuation of 1.5 billion yuan.

This is after Evergrande’s strategic investment in Orvibo in 2019, the establishment of a joint venture company Lianheng Intelligent Control with Xiaomi ecological chain company Lumi Lianchuang in 2020, and the release of its own brand "Xingluo Home" in January 2021, once again expanding its smart home circle of friends. This is by far the most active brand for real estate companies to deploy smart homes through various forms such as war investment or joint ventures.

It is understood that Kongke was established in 2010 and is a technology company under Huafeng Group focusing on the Internet of Things. At the beginning of its establishment, it focused on the smart product of smart sockets. It became famous through crowdfunding and won the first of national crowdfunding. Since then, it has actively deployed the smart home field and created a wealth of whole-house smart ecological products. As a partner of smart ecosystems such as Alibaba Cloud IoT and HUAWEI HiLink, Konke is not only the first smart home brand to participate in Alibaba Cloud IoT Edge Gateway Program, but also one of the four companies of the first domestic joint HUAWEI HiLink to build "SI (System Integrator) whole house smart service.

At present, Konke has implemented nearly a thousand smart projects across the country, serving more than 20% of the top100 real estate brands, developing long-term strategic cooperation with many real estate leaders, and winning the "Top Ten Whole-house Smart Home Brand Award" for many consecutive years, "Top Ten Real Estate Smart Home Brand Awards" and other awards.