(Yicai Global) Sept. 28 -- iShangzu, a housing asset management startup run by Hangzhou Ishangzu Technology Co., has received CNY300 million (USD45 million) in its B-round financing led by product developer Kuka Group Co. and Shenzhen Yuanzhi Fuhai Investment Management Co.

The funding will be used to enhance users' living experience, upgrade customer service and build and improve the company's entire operating system, a staff member at the firm said.

iShangzu bagged CNY101 million in A-round funding from Whale Capital in May 2016.

Established in August 2015, the firm provides landlords with property management services, such as housing trusts, decorating, interior design, leasing and related management and maintenance services. It has expanded its reach to include major cities, such as Shanghai, Hangzhou, Nanjing and Suzhou, and manages more than 60,000 apartments.