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Meituan pulls plug on power bank rental project—has the sector already gone flat?

Meituan-Dianping is to discontinue its power bank rental scheme in restaurants just three months after announcing its launch, according to an internal announcement (in Chinese), which also stated that the group was discontinuing its Squirrel convenience stores. This follows days after LeDian unplugged its own power bank equipment and took it away. This was supposed to […]