Three power bank rental startups — Ankerbox, Hidian, and Xiaodian — received $109M in total investment in the span of 5 days earlier this month.
In tracking venture financings globally, rarely do we see companies in the same market segment receive investment at the same velocity as on-demand power bank rentals in China.
These companies allow consumers to use mobile payments and QR codes to access portable phone chargers to use in locations such as malls and airports or stationary at restaurants or bars.
Notably, three power bank rental startups — Ankerbox, Hidian, and Xiaodian — received $109M in total investment in the span of 5 days earlier this month from investors including Tencent, Lightspeed China Partners, and Jumei Holdings (which took a controlling stake in Ankerbox).
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