Picooc, a China-based maker of weighing scales that track a user’s overall health, has closed a $21m funding round with investment from internet service provider Tencent and e-commerce company JD.com, according to Chinese technology website 36kr.
Venture capital firm Gobi Partners also invested in the round. Tencent acquired a 15% stake in JD.com earlier this year, which means the funding could herald a programme of joint investments by the firms.
Picooc produces smart scales that not only weigh a user but also provide health insights such as body fat percentage, body mass index, body water and muscle mass. This information can be sent to their smartphone App that keeps track of the user’s health changes over time.