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 ban…

Jumei responds to investor’s doubts over acquisition of Ankerbox

China’s beauty products e-commerce site Jumei announced yesterday a full acquisition of power bank rental startup Ankerbox, which led to its investor’s…

Troubled Jumei doubles down on Ankerbox amid shareholder turmoil

Chinese beauty products e-commerce platform Jumei announced today it has fully acquired power bank rental company Ankerbox. The deal comes three months…

Meituan-Dianping charges up with entry into power bank rentals

China’s O2O giant Meituan-Dianping has joined the heated competition of power bank rental by placing a few devices for testing in Qingdao and Shijiazhu…

Has China’s sharing economy finally jumped the shark?

Bikes, bikes, and more bikes. China’s streets have been invaded by bike rentals of every hue. More and more Chinese entrepreneurs are sparing no effort…

Live from TechCrunch – China’s companies forced to move faster to stay ahead

With the rise of mass innovation in China, money is flooding into startups, especially those in the latest emerging verticals. Xiaomi CEO Lei Jun puts …

China Funding Daily, May 5th, 6th, and 8th: Power bank rental, fintech, and serviced apartments

New fundings in China on May 5, 2017 Zhulegeqiu (猪了个球), a 0.5-year-old Jiaxing-based basketball-rental startup, has raised an eight-digit RMB Series…

Online retailer Jumei buys controlling stake in power bank rental startup Ankerbox

The spending spree on the power bank rental sector (estimated to be worth more than RMB 10 billion) continues. U.S.-listed Chinese online retailer Jume…