Power bank rental firm Xiaodian (小电科技 in Chinese) announced yesterday a series A worth roughly RMB 100 million, led by Tencent and Hangzhou Vision Capital Management, local media is reporting (in Chinese).

Other investors include CDH Investments, GSR Ventures, DT Capital Partners and In Capital.

Founded last December by former Alibaba employee Tang Yongbo, Beijing Yidianyuan Network Technology (北京伊电园网络科技有限公司 in Chinese), the company behind Xiaodian (in Chinese), developed this in-house smart wireless charging device, according to public data from its official website.

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Sheila Yu

Sheila Yu is a Shanghai-based technology writer. She brings readers the biggest news from Chinese language tech media. Reach her at sheila@technode.com.