Technology

South Korean proptech startup Zigbang acquires Samsung SDS’ smart home IoT business

South Korean proptech startup Zigbang acquires Samsung SDS’ smart home IoT business

Zigbang, a South Korean proptech startup that provides real estate transactions service, announced on Thursday that it will acquire Samsung SDS’ home internet of things (IoT) unit to make a foray into the smart home industry. Samsung SDS sells the smart home IoT division, which is the only B2C business Samsung SDS has, in order to focus on its B2B.

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