Comment on Smart Wearable Maker Codoon Nets 60 Million Yuan of Series A Funding by Baidu-backed Wearable Maker Codoon Claims 20M Users Upon Raising New Funds - TechNode

['Emma Lee', 'More Emma Lee', '.Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow', 'Class', 'Wp-Block-Co-Authors-Plus', 'Display Inline', '.Wp-Block-Co-Authors-Plus-Avatar', 'Where Img', 'Height Auto Max-Width', 'Vertical-Align Bottom .Wp-Block-Co-Authors-Plus-Coauthors.Is-Layout-Flow .Wp-Block-Co-Authors-Plus-Avatar'] Comments for TechNode 2014-03-10 00:00:00

Codoon, a smart wearable maker, announced that it secured 60 million yuan (around $9.76 million) of Series A financing led by Shenzhen Capital Group and followed by CITIC Capital. The company received 22 million yuan from Chinese online gaming company Shanda in 2011 (Correction: An earlier version of this story said the amount is 10 million yuan). As one of the earliest among domestic peers to explore smart wearable territory, Codoon is dedicated to develop both hardware and software of smart fitness-tracking wearables. Its hardware products includes Baidu-backed Codoon wristband, second generation of the bracelet, step counter, Bluetooth body scale, Codoon Candy, Codoon Smile, etc. Codoon Workout, the accompanying software for Codoon hardware, can track the activity of users, collect data and give suggestions.