LinkSure

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LinkSure
Native name
连尚
Formerly called
WifiMaster (2013-2015)
Private
Industry Internet
Founded 2013
Founder Chen Danian
Headquarters
Area served
China (2013-2015), Worldwide
Key people
Chen Danian (CEO)
Products WiFi Master Key, Mobile app
Services Internet, Wi-Fi, Sharing economy
Parent Zenmen Group
Website wifi.com
LinkSure=连尚
Traditional Chinese 連尚
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LinkSure (Chinese: ; pinyin: lián shàng; literally: "Connecting reliably"; phonetic meaning: “Connected”) is a mobile Internet company that specializes in free Internet access and content services and products. These include Wi-Fi sharing, mobile news feed and mobile advertising technologies. LinkSure is founded in 2013 by Chen Danian .

LinkSure has been the pioneer of sharing economy for Wi-Fi sharing. [1] Its core product is WiFi Master Key, a Wi-Fi sharing mobile app to enable passwordless Internet access. The app is developed based on the sharing economy concept, cloud computing, and big data to provide safe and free Wi-Fi internet connection shared by Wi-Fi hosts. [2]

History[edit]

Shanghai LinkSure Network Technology Co., Ltd. is founded in Shanghai in 2013 by Chen Danian as a pursuit to bridge the digital divide. [3] In May 2015, Chen founded LinkSure China Holding Pte. Limited in Singapore for global expansion. [4] In the same month, LinkSure bought the domain name wifi.com. [5]

Product and Services[edit]

Wi-Fi Sharing[edit]

WiFi Master Key, developed in 2012, is a free Wi-Fi sharing mobile app to enable passwordless Internet access. It is developed based on the sharing economy concept, cloud computing, and big data to provide safe and free Wi-Fi internet connection shared by Wi-Fi hosts. [6]

Finances[edit]

Funding[edit]

2015

  • At the beginning of 2015, LinkSure closed its A round funding of USD 52 million at a billion-dollar valuation to become one of China's fastest growing unicorn mobile Internet companies. [7]
  • In May 2015, LinkSure initiated and closed an Equity Crowdfunding campaign on crowdfunding portal choudao.com with an unprecedented total subscription amount of RMB 7.714 billion (US$1.2 billion) in 7 days, rendering it oversubscribed by 237 times. The plan was to raise RMB 32.5 million (US$5 million) from 25 investors to buy 0.5 per cent of the company’s stake. However, due to overwhelming response, LinkSure then sold another 0.5 per cent of its stake, increasing the crowdfunding to RMB 65 million (US$10 million) in total. LinkSure sets the record for subscription amount, oversubscription amount, and amount raised in China’s online crowdfunding history. [8] [9]

Investment[edit]

2015

  • In September 2015, LinkSure established the world’s first Wi-Fi investment fund with an initial funding of RMB 500 million (US$77 million) to fund various Wi-Fi initiatives that increase free Wi-Fi coverage, and WiFi standard adoptions in various fields. [10]

Partnerships[edit]

In 2016, LinkSure partnered with China’s first online insurance company ZhongAn Insurance (Chinese: 众安保险) to insured its app users in China up to RMB100,000 (US$15,000) in the event of network security issues. [11]

CSR[edit]

In November 2015, LinkSure initiated the “Dream Key” (Chinese: 梦想钥匙) charity project with China’s largest Nonprofit organization Free Lunch For Children (Chinese: 免费午餐) to set up free Internet access for approximately 1,000 schools in China’s poor mountainous areas. [12][13]

See also[edit]

References[edit]

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  1. ^ "WiFi Master Key's Android app reaches 100 million installs on Google Play". PR Newswire. 5 July 2017. Retrieved 10 July 2017. 
  2. ^ "Tech Man Takes It Slow". ZBBZ. 20 October 2016. Retrieved 18 July 2017. 
  3. ^ "Crowd Source Internet In China: A Q&A With Shanda Cofounder Chen Danian". Forbes. 10 April 2016. Retrieved 18 July 2017. 
  4. ^ "Tech Man Takes It Slow". ZBBZ. 20 October 2016. Retrieved 18 July 2017. 
  5. ^ "[Updated] Born into poverty in rural China, this guy made an app that gives free WiFi, got 900M users and raised US$52M". e27. 14 July 2016. Retrieved 18 July 2017. 
  6. ^ "Tech Man Takes It Slow". ZBBZ. 20 October 2016. Retrieved 18 July 2017. 
  7. ^ "[Updated] Born into poverty in rural China, this guy made an app that gives free WiFi, got 900M users and raised US$52M". e27. 14 July 2016. Retrieved 18 July 2017. 
  8. ^ "[Updated] Born into poverty in rural China, this guy made an app that gives free WiFi, got 900M users and raised US$52M". e27. 14 July 2016. Retrieved 18 July 2017. 
  9. ^ "Chinese Unicorn WiFi Master Key Continues To Break Records Towards Global Success". Superbcrew. 16 November 2016. Retrieved 18 July 2017. 
  10. ^ "连尚网络建立WiFi产业投资基金 首期规模5亿元". QQ. 9 September 2016. Retrieved 18 July 2017. 
  11. ^ "Crowd Source Internet In China: A Q&A With Shanda Cofounder Chen Danian". Forbes. 10 April 2016. Retrieved 18 July 2017. 
  12. ^ "联合免费午餐,WiFi 万能钥匙想要把互联网带进偏远山区". TechNode. 11 November 2015. Retrieved 18 July 2017. 
  13. ^ "Founder and CEO of LinkSure Danian Chen Named in Fortune's Chinese Edition Magazine 2016 "40 under 40" List". PRNewswire. 22 November 2015. Retrieved 18 July 2017.