Guaishou Chongdian succeeds in securing Series A even while the power-bank-sharing industry is cooling, & more

Power-bank-sharing startup Guaishou Chongdian receives USD 14.8 M for Series  A

Guaishou Chongdian

Founder: Cai Guangyuan

Founded in: 2016

Financing status: RMB 100 million (USD 14.8 million) for Series A financing in 2017

Power-bank-sharing startup Guaishou Chongdian, on July 27, received USD 14.8 M for Series A financing round to improve its user experience.

Power-bank-sharing was an investor favorite in the last two months. As we have reported before, Ankerbox, Laidian, Xiaodian and some other power-bank-sharing startups secured funding in May and June of 2017. Since then, information on new investments in the industry has been scarce. Instead, it has been reported that a few new players have actually failed in a short period of time. Some factors leading to their failure include user-acquisition difficulties and operations-shortfalls. So, it’s surprising that Guaishou Chongdian was able to land a new financing round to improve its user experience.

Guaishou Chongdian collaborates with other businesses to place its power banks at their stores to enable customers to easily charge their mobile phones.

Guaishou Chongdian partners with other businesses by placing its rental power banks at their stores. By doing this, Guaishou Chongdian makes its services more exclusive when compared to its competitors. Also, as compared to other power-bank-rental models, it achieves economies-of-scale with a cost of only RMB 100 to manufacture one power bank, giving them a break-even-point of 30 days.

Founded in 2016 in Shanghai, Guaishou Chongdian services 12 cities in China, such as Shanghai, Beijing, Guangzhou and so on. Additionally, it aims to expand its business to 200 cities with the support of this new financing round.

This Series A financing round was secured from a group of investors, including existing investors such as Hillhouse Capital Group, Shunwei Capital and Crystal Stream, as well as new investors Bluerun Ventures and Sky9 Capital. The capital will be used to expand its business to new cities, as well as, update its power banks for a better user experience.

E-commerce software and services provider ShopEx receives USD 104M for Series D

Photo from 58pic.com

ShopEx

Founder: Liu Jinguang

Founded in: 2002

Financing status: RMB 700 million (USD 104 million) for Series D financing in 2017

E-commerce software and services provider ShopEx, on July 28, received USD 104 M for Series D financing round. ShopEx will use the funds to invest more on the research and development of new technologies for its mobile platform.

ShopEx is an e-commerce software and services provider that helps its partners build their online business and improve their efficiency. It builds software systems and combines its platform with payment channels for e-commerce merchants, while also integrating third-party resources to provide merchants with financial and supply-chain services.

Founded in 2002 in Shanghai, its services and technologies cover both PC and mobile, and online and offline. Its customer base includes large enterprises such as Lenovo, Midea, and Vivo, as well as, other small-and-mid-sized businesses. Meanwhile, it plans to focus on the projects related to its mobile platform in the next three years.

ShopEx previously received investments from Legend Capital, Bertelsmann Asia Investments, Lenovo Capital and others. This Series D financing round was led by Joy Capital. ShopEx plans to use the funds to develop new technologies for its mobile platform, and acquire new partners to improve its revenue stream.

(Top photo from 58pic.com)

Kaikai Shi
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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