Unmanned retail startup Xiaoyiweidian secures USD 30M to enter more companies, & more

Unmanned retail startup Xiaoyiweidian receives USD 30M for SeriesB


Founded in: 2016

Financing status: RMB 200 million (USD 30 million) for Series B financing in 2017

Unmanned retail startup, Xiaoyiweidian, received USD 30 million for SeriesB on December 11 to place its unmanned shelves in more companies.

Xiaoyiweidian is an unmanned retail startup that provides users with self-help consumption scenes based on mobile Internet and LBS (Location Based Service) positioning technology. The company mainly deploys unmanned shelves in high-end office buildings, technology parks, as well as companies with more than 100 employees, targeting white-collar users. Its unmanned shelves offer various snack foods, instant foods, as well as drinks and fresh foods. They are equipped with mobile payment support, which enables users to pay with their smartphones by scanning QR codes. Additionally, the startup is integrating big data technology to facilitate its efficiency.

Xiaoyiweidian was launched in 2016 in Beijing. Its service cover more than 10 cities in China, including Beijing, Shanghai, Guangzhou, and Hangzhou, among others. Over 5,000 unmanned shelves under operation, its daily orders exceed 200,000. While the company mainly targets enterprises to conquer their offices at this stage, it has entered many tech giants and unicorns, such as Tencent, NetEase, Baidu, Didi, Guomei, and others.

This new financing round was from a group of investors, including Zijue Capital, Haikong Capital, and government funding support. The capital will be used to further invest in the research and development of big data related technology to enhance its businesses, as well as deploy its unmanned shelves to more enterprises.

Photo from vcg.com

Intelligent tax startup Onlyou.com receives USD 45M for SeriesA


Founder: Tong Deliang

Founded in: 2013

Financing status: RMB 300 million (USD 45 million) for Series A financing in 2017

Intelligent tax startup, Onlyou.com, received USD 45 million for Series A on December 9 to enhance its services by introducing AI technology.

Onlyou.com is an intelligent tax startup that provides enterprises with financial and tax services based on big data and AI (Artificial Intelligence) technology. It connects its services to various cases, such as real estate, new retail, supply chain, and so on, to provide enterprises in these industries with intelligent tax and financial support.

Founded in 2013 in Shenzhen, the company has so far over 600 employees, and covers 17 provinces in China with 76 cities, as well as Hong Kong and Taiwan. Moreover, it also set up offices in Malaysia and Singapore. Currently, Onlyou.com services over 30 large enterprises, more than 2000 financial companies, and over 500,000 small and micro enterprises in China.

This Series A financing round was from AVIC Trust, Changrong Capital, Shengnong Capital, and others. The company plans to use the funds to introduce AI technology to its existing services to enhance customers’ experience, as well as strengthen in its market expansion plans.

(Top photo from 699pic.com)

Kaikai Shi

Kaikai Shi writes for us. He holds a bachelor's degree in Biotechnology at Zhejiang University. His interests are in new technology and reading. Kai believes that new technology will change the world we live in, and is trying to engage himself in this process.

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