Jingbo Technology, Inc. (OTC: SVMB)

Jingbo Technology, Inc. is a Nevada holding company that conducts its operations in mainland China through its wholly-owned subsidiaries Huixin WFOE (Hangzhou) and Keqiao WFOE (Guangzhou) and their respective variable interest entities, Zhejiang Jingbo Ecological Technology (Jingbo VIE) and Guangzhou Keqiao Technology (Keqiao VIE). The company’s primary business is the development and operation of smart parking solutions, encompassing a software platform, mobile application, hardware equipment, and related services for urban parking management. Its flagship Any‑e platform integrates technologies such as the Internet of Things, big data, cloud computing, and mobile payment to provide functions like space reservation, entry‑exit automation, and seamless payment. Jingbo also builds an ecosystem that connects parking lot operators, merchants, and users through value‑added services such as e‑commerce and membership programs.

Jingbo Technology, Inc. generates revenue from the licensing and transaction fees of its smart parking software and platform, the sale of hardware components such as license‑plate recognition cameras, barriers, and gate controllers, and fees from operating and managing parking facilities under contract. Additional income is derived from value‑added services on its Any‑e ecosystem, including e‑commerce transactions, membership subscriptions, and merchant referral commissions. For the fiscal year ended February 28, 2025, the company reported net revenues of $2,141,654, up from $1,583,637 in the prior year.

Jingbo Technology, Inc. operates in the competitive smart parking industry in China, where it faces competition from both domestic technology firms and international providers. Competitors include large technology firms such as Alibaba, Tencent, and Baidu, as well as specialized parking‑management companies that offer partial solutions. Jingbo differentiates itself through a fully integrated hardware‑software stack, proprietary patents on its cloud platform and license‑recognition technology, and a proven track record of deployments across more than twenty cities with over five thousand parking lots and more than four million registered users. Its relationships with municipal authorities and commercial enterprises enable scalable roll‑out of its solutions and provide a barrier to entry for pure‑play software rivals.

Jingbo Technology, Inc. serves parking lot operators, municipal agencies, commercial property owners, and end‑user drivers who seek convenient parking access and payment options. The company’s installations are present at locations such as Xiaoshan Airport Remote Parking Lot, Tianjin Xinhua International University, Fuyang People’s Hospital, Qilu University Hospital, Shanghai Tesco Supermarket, and Hubei Huanggang Central Hospital. In addition, Jingbo reports having contracted more than fifty cities, operated more than five thousand parking lots, and accumulated a user base exceeding four million individuals, which it leverages to offer tailored services and targeted marketing within its ecosystem.