EP Tingche

EP Tingche, also known as AIPARK, is a technology company specializing in artificial intelligence and smart transportation, operating under its parent company, Zhihui Hutong Science And Technology Co., Ltd. Founded in June 2015 by Jun Yan, a serial entrepreneur who previously founded the big data firm Wisdom Star, the company was created to address the pervasive issues of traffic congestion and parking difficulties in urban areas.

Leveraging his experience, Yan identified a market opportunity to solve static traffic (parking) problems as a key to alleviating dynamic traffic (on-road congestion) issues. The firm's core business model is a "To Business + To Government, driving To Consumer" (TO B+TO G to C) strategy. It provides AI-powered, high-definition video recognition technology to manage public and private parking spaces. This involves installing high-mounted "AIPARK Sky Eye" video equipment to monitor parking bays, which allows for real-time data collection on occupancy, automated billing, and management of parking violations. The company serves government bodies by implementing city-level smart parking platforms and also caters to commercial clients like shopping malls and office buildings. Revenue is generated by providing these integrated hardware and software systems, enhancing parking fee collection, and reducing operational costs for their clients.

AIPARK's main offerings include the AIPARK City urban smart parking management platform, the AIPARK Sky Eye intelligent hardware, and the AIPARK Commander system for managing traffic order. The company's solutions have been implemented in major Chinese cities, including Beijing, Shanghai, Guangzhou, and Shenzhen, where they have demonstrably improved parking resource utilization. Over the years, EP Tingche has secured significant funding from prominent investors such as Xiaomi, NIO Capital, and Sequoia China, which has fueled its rapid expansion and technological development.

Keywords: smart parking, intelligent transportation systems, AI, computer vision, urban mobility, traffic management, IoT, smart city, parking management, data platform, license plate recognition, road-side parking, parking solutions, automated parking, vehicle detection, big data, mobility services, connected car, smart traffic, parking enforcement