Power bank rental startup LeDian shuts down, retrieves all devices

The once trending yet controversial power bank rental sector in China has started to see small players opting out of the game. Hangzhou-based power bank rental startup LeDian announced on Wednesday that the company has shut down the business and retrieved all the devices.

The startup posted an announcement on its WeChat official account, stating that “the company has stopped the operation and urges users to withdraw deposits.” The company also advised that some users might experience failure withdrawing deposits due to server overload.

LeDian didn’t specify the reason why the company is shutting down its power bank rental business.

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