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36Kr

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Overview[edit | edit source]

36Kr(Chinese:36氪) is a group company serving technology innovation and entrepreneurship ecosystem, besed in Beijing, China.[1][2]

36Kr was founded by Liu chengcheng in December 2010.[3][4] It has been dedicated to serving technology startups and investment since its founding. And it has set up three subsidiaries in charge of different businesses from 2016. The group owns 36Kr Media—one of China’s major new business media, Kr Space—one of China's major co-working space, and JingData—a financial information provider in the new economy.[5][6][7]

The mission of 36Kr is to solve SMBs’ (Small and Medium Businesses) pain points—the lack of media exposure, working space and funding—by providing news report, co-working space and financing platform. 36Kr is committed to becoming the infrastructure service platform that promotes innovation and entrepreneurship in China.[8] Meanwhile, 36Kr also provides valuable financial information services to financial institutions and non-financial institutions which serve SMBs.

In the past seven year, 36Kr has served over 20,000 startups[1], covered 150,000,000 readers worldwide, and has set up 30 co-working spaces [9]and a database covering over 500,000 projects[10] in the primary market. The Group has grown into one of China’s largest and the most competitive technology innovation and entrepreneurship service platform.

36Kr has received investment from Ant Financial[11], IDG Capital[6], Matrix Partners China[5], Huatai Securities[5], China Merchants Group[2], etc.

Chinese Name: 36氪[1]

English Name: 36Kr

Location: Beijing, China[1]

Founding Time: December 2010[3][4]

Business Scope: Comprehensive service provider for technology innovation and entrepreneurship[1]

Company Slogan: Let a few people see the future first (36Kr Media);Be With The Best (Kr Space)

Staff Number: 700 (in 2017)

Website:

http://36kr.com/

http://www.krspace.cn/

https://www.jingdata.com/

Business Scope[edit | edit source]

36Kr Media[edit | edit source]

With its mission to “let a few people see the future first”, 36Kr Media provides China’s technology startups, investors and professionals with cutting edge global news of technology innovation, startups and investments.[12] 36Kr Media covers macroeconomic data analysis, policy analysis, industry prediction, as well as investment and financing news in global primary market. It is not only an information service provider for the technology innovation and entrepreneurship, but also an integrator of the industry chain and a creator of an innovative lifestyle.[5]

36Kr Media has grown into one of the most influential internet new business media in China. By the end of 2017, the media has covered 150,000,000 readers worldwide and has issued over 50,000 articles. As the major reporter of domestic startup projects in China, it has helped over 30,000 startups gain international exposure, with 90% of them having their media debuts on 36Kr Media’s news platform. 85% of the early-stage startups in China which received funding were reported by 36Kr Media. In the startups reported by 36Kr, 58% of them received investment, and 40% received investment from leading investors.[13]

36Kr Media has built up a comprehensive content system covering technology entrepreneurship and investment.[12] The content system includes seven modules: startup reports, business reports, flash news, international news, 36Kr TV, 36Kr Future Life and 36Kr Selected Tech News. From written reports to video clips, the media provides a panoramic view of global technology entrepreneurship and investment trends. Furthermore, the recently updated features include three paid services: startup projects recommendation and research reports for investors, knowledge columns and videos for individual users, and professional content tailored for companies and professionals in technology and entrepreneurship.

36Kr Media has a competitive elite team for content production and operation. The president of 36Kr Media, Mr. Feng Dagang, is the co-founder of CBNweekly and a prestigious investor.[14] The core members of content production team came from reputable business media, including Figure, 21st Century Business Herald, Reuters, Caijing.com and Caixin.com. For content distribution, 36Kr Media has covered all the channels, dominating internet new economy content distribution and reaching the majority of online readers.

Kr Space[edit | edit source]

In January 2016, Kr Spaces was separated from its parent company 36Kr, started to operate independently and finished A round fund-raising.[6] In the following November, Kr Space received over 200 million RMB A+ round funding from Prometheus Capital and IDG Capital.[15] In July and September 2017, it received several hundreds of million RMB investment in another A+ round funding from CMIG and IDG.[15] In November 2017, Kr Space finished its Pre-B round funding of 600 million RMB.[6][16]

The mission of Kr Space is to solve the difficulty of SMBs (small and medium businesses) and SMTs (small and medium teams) to find proper working space, and to provide a much better working environment.[15] The slogan of Kr Space is “Be With The Best”. Before Kr Space, the supply of working space for SMBs and SMTs in China fell short of the amount required. For instance, a startup team of 10 members could only work in commercial & residential building, low-end office building or residential apartment, because those high-end office buildings would not rent their office units separately. Moreover, because the number of residential apartment has increased rapidly, and the number of commercial & residential building and low-end office building has almost remained the same in the past two decades, many SMBs in China have to work in residential apartments. Therefore, Kr Space developed a solution tailored for SMBs and SMTs, providing convenient and flexible co-working space with friendly environment.[7]

Kr Space has built up high quality co-working spaces tailored for SMBs and SMTs. Its product offerings include individual office, mobile desk and open office area, catering for companies of different size.[15] By the end of January 2018, Kr Space has 30 co-working spaces[9] in 9 cities[11] (Beijing, Shanghai, Guangzhou, Hangzhou, Nanjing, Wuhan, Tianjin, Suzhou and Chengdu), and it will enter Hong Kong, Tokyo, Singapore and other markets soon.[17] Kr Space now has 200,000 square meters of co-working space, providing 30,000 office desks for over 2000 SMBs and SMTs.

Kr Space has three competitive advantages: community, service and smart office. With its spirit “Be With The Best”, Kr Space has built up its social platform for SMBs and SMTs. In its co-working spaces, Kr Space organizes regular social activities, innovation and entrepreneurship seminars to foster communication among members and to increase their chances of meeting new business partners and opportunities. Meanwhile, the company provides both online and offline value-added services, including local life services, business registration and tax services, technology outsourcing, product marketing, fund-raising services, etc. Kr Space has developed its smart office system independently, including Access Control System, Cloud Printing System and Office Control System, providing more efficient working methods for its members and more efficient operation management for the spaces.

Jingdata[edit | edit source]

JingData has three core businesses—JingData Insight, JingData Startup & Investment Matching Platform, JingData Asset Management System. JingData Insight provides financial data service for financial institutions of both the primary market and the secondary market, as well as non-financial institutions. With its unique strength in primary market data, and strong capacities in secondary market and new-economy data, JingData provides a better new-economy data user experience. JingData Startup & Investment Matching Platform provides startups with higher media exposure and provides investors with dynamic industry analysis and channel to detect and track the promising startups. JingData has collected more than 500,000 projects’ information, and has over 7,000 registered investment institutions and over 12,500 active investors on the platform.[18] JingData Asset Management System provides private fund investment managers with services including investment analysis, customer relationship management, investment process management, etc. JingData Asset Management System can increase private funds’ efficiency in investment decision-making and internal operation, and increase their investment portfolios’ returns.

JingData has two major competitive advantages— data sourcing and data processing technology. Backed by 36Kr’s diversified businesses, JingData has covered all the primary market data sources and has established a structurized data system, serving all the possible financial needs. JingData has gained competitiveness in the width and depth of data. For data processing technology, JingData has built up its own data-source structuring and dynamic optimizing model, through precise data mining, machine learning, artificial intelligence and specialized data operation. Moreover, it has been cooperating with LOCKet and Knownsec to make sure data security.[18]

JingData’s core team has rich experience in Big Data technology, enhancing its competitive advantages. The core team members have search engine, data research and management experience at Microsoft US headquarter, Microsoft Research Asia, YAHOO Beijing R&D Center, Tencent and Ksyun. Some of them are successful serial entrepreneurs and international patent holders.

References[edit | edit source]

  1. 1.0 1.1 1.2 1.3 1.4 "36Kr | Crunchbase". Crunchbase. Retrieved 2018-03-20. 
  2. 2.0 2.1 "China Merchants Venture Leads New Funding Round In 36Kr – China Money Network". www.chinamoneynetwork.com. Retrieved 2018-03-20. 
  3. 3.0 3.1 Flannery, Russell. "Forbes China 30 Under 30: Liu Chengcheng's Startup Chronicle". Forbes. Retrieved 2018-03-20. 
  4. 4.0 4.1 Zand, Bernhard (2014-02-13). "The Krypton Temple: China's Surging Tech Start-Up Scene". Spiegel Online. Retrieved 2018-03-21. 
  5. 5.0 5.1 5.2 5.3 "Gobi Partners Co-Leads $45M Series A Round In Chinese Tech News Spinoff 36Kr Media – China Money Network". www.chinamoneynetwork.com. Retrieved 2018-03-20. 
  6. 6.0 6.1 6.2 6.3 "Kr Space Raises 600M CNY in New Funding". FinSMEs. 2018-03-05. Retrieved 2018-03-20. 
  7. 7.0 7.1 KrSpace. "KrSpace -- A Chinese Entrepreneurial Service Platform". www.prnewswire.com. Retrieved 2018-03-20. 
  8. 代艳. "No growing pains for start-up incubator - China - Chinadaily.com.cn". www.chinadaily.com.cn. Retrieved 2018-03-21.  line feed character in |title= at position 40 (help)
  9. 9.0 9.1 "氪空间30社区入驻率超89%,联合办公大潮已在波澜之上". news.ifeng.com. Retrieved 2018-03-20. 
  10. "创投助手品牌升级"鲸准" 聚焦一级市场大数据平台_综合_产经频道首页_财经网 - CAIJING.COM.CN" (in 中文). Retrieved 2018-03-20. 
  11. 11.0 11.1 "Alibaba-Backed 36Kr Spins Off KrSpace, Raises New Venture Funding – China Money Network". www.chinamoneynetwork.com. Retrieved 2018-03-20. 
  12. 12.0 12.1 CNN, From Yuli Yang and Monique Todd, for. "Investors want in on China's tech scene - CNN". CNN. Retrieved 2018-03-20. 
  13. "36氪传媒宣布完成3亿元融资 瞄准IPO _ 东方财富网". finance.eastmoney.com. Retrieved 2018-03-20. 
  14. "36氪将独立运营媒体业务 冯大刚加盟任总裁". tech.sina.com.cn. Retrieved 2018-03-20. 
  15. 15.0 15.1 15.2 15.3 "Kr Space Gets $15M From IDG Capital for China Co-Working". Mingtiandi. 2017-09-07. Retrieved 2018-03-21. 
  16. "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2018-03-21. 
  17. "氪空间3个月拿下12万平方米!". www.sohu.com. 2018-02-28. Retrieved 2018-03-20. 
  18. 18.0 18.1 梁爽. "科技成就价值投资 创投助手发布新品牌"鲸准"_科技_环球网". tech.huanqiu.com. Retrieved 2018-03-20. 


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