The China Convergence Fund has acquired the technology of the popular service Instime, which specializes in promoting social media accounts.
China Convergence Fund is a Chinese company that is a subsidiary of Value Partners. It invests primarily in stocks listed on the Shanghai, Shenzhen, and Hong Kong stock exchanges. The company's activities are mainly focused on the Chinese market, but in 2019 its management decided to turn its attention to Europe and the UK.
As part of the expansion, China Convergence Fund took notice of the Instime company, which is registered and operates within British jurisdiction, but whose founders are Ukrainians. Chinese entrepreneurs were very interested in the technology of the Instime social media promotion service.
The deal between China Convergence Fund and Instime has now officially closed. Its estimated amount is of $15 million.
Instime is a popular application that operates in 110 countries and reaches over 120,000 users. Its main function is to promote the profiles of people and companies in social networks through mutual assistance: one user likes another, comments, etc. This way, they improve publications' ratings, becoming in the top and recommended sections.
As part of the deal, China Convergence Fund gained access to Instime's marketing developments. In particular, a unique automated platform that tracks participants' action and rewards them for their activities with various motivational programs. We’re talking about programmed rules, conditions, career levels, and ways to achieve them with the help of a bonus program.
Artificial intelligence also became the property of the Chinese company, which is capable of understanding user preferences and interests based on the actions of users in social networks. Self-learning AI can identify the clients' preferences, their target audience and further interact with them: like and comment the right people and do all the necessary actions in order to attract their attention.
Who we are: About us, Contacts. How we write news and our principles: Editorial code. We did our best. If you found this valuable – please support us.
To request a correction, please send an email.