- Business
- Jingbo Technology, Inc. Jingbo Technology, Inc. (SVMB) operates as a provider of smart parking application software and platform solutions primarily in China. The company specializes in smart parking projects, including hardware and software integration for parking management; smart parking mobile applications that enable user access to parking availability, payments, and reservations; and cloud platform construction for data analytics, static traffic management, and smart city services integration. It delivers comprehensive solutions tailored for city planners, parking lot operators, car owners, and cooperative businesses, with a focus on integrating parking resources to support digital platform operations and urban infrastructure development; operations center in Zhejiang province, China, targeting the domestic smart parking and intelligent transportation sectors. Founded in 2015 and headquartered in Hangzhou, China, the company conducts its principal activities through wholly-owned subsidiaries in mainland China. In December 2024, Jingbo Technology completes the acquisition of Xinghe Technology Limited by issuing 550 million shares of common stock, resulting in Xiujuan Chen emerging as the majority shareholder with approximately 99% ownership and eliminating a $22 million debt obligation to a related entity specializing in intelligent parking technology; this strategic transaction enhances the company's capabilities in smart parking projects and supports business expansion within Zhejiang province.