DAWA Technology, an e-commerce related training service provider, announced its 120 million yuan strategic investment from UBank on May 12th. According to Shi Zhaoxiang, the chairman of the board and founder of Huoyanshe, DAWA Technology will focus on developing its blockchain technology with the cooperation of UBank.
DAWA Technology mainly covers four business areas including e-commerce training, e-commerce operating, offering one-stop resources, and incubating entrepreneurs. And its subsidiary brand Huoyanshe conducts the business of e-training, which has established long-term strategic cooperation with Tencent Classroom and JD.com's Learning Center. ChenMiao, the founder and CEO of Huoyanshe, introduced that more than 500 thousand e-commerce merchants were involved in their courses, with over 50,000 paid companies in 2019.
Recently, DAWA Technology purchased more than 1700 internet celebrities’ resources from Haiyi Culture Media Co. Ltd and invested Shanmai Technology with 10 million yuan for building a high-quality broadcast system. ChenMiao also indicated that Huoyanshe is going to expand its business to Southeast Asia in 2020 or 2021, then to Europe even the whole world step by step.