While the buzz surrounding China’s bike rental industry has yet to cool off, power bank rentals, another vertical under the rental economy business model is causing. What happened previously to the trendy sector is repeating itself again in the Middle Kingdom.

The carnival surrounding power bank starts with the influx of massive funding. Five startups in the industry have received a combined RMB 300 million (US$ 43 million) financing in less than ten days since the beginning of April with over 20 investment institutions entering the arena. Apart from the ones already secured funding, there are over a dozen similar ones looking at this emerging sector. Here’s a list of the major players in the field.

Mobile smartphone charging schemes are nothing new in China. Coin operated charging stations appeared at shopping malls and transportation hubs as early as 2013, but low profitability forced the companies to provide free charging services and monetize through promotion services and advertising. However, the business never really took off. On the contrary, it drew a lot of criticism for forcing customers to download apps that could potentially leak user information.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.