[Exclusive] Xingbianli Receives CNY380 Million in A1 Round Financing as Self-Service Retail Booms
Le Yan
DATE:  Nov 01 2017
/ SOURCE:  Yicai
[Exclusive] Xingbianli Receives CNY380 Million in A1 Round Financing as Self-Service Retail Booms [Exclusive] Xingbianli Receives CNY380 Million in A1 Round Financing as Self-Service Retail Booms

(Yicai Global) Nov. 1 -- Xingbianli, a platform that features staffless convenience shelves to provide instant, convenient snacks and already completed its angel investment round, has raised CNY380 million (USD57.6 million) in A1 round financing, Yicai Global learned.

 Sequoia Capital China led the latest financing round, which was also joined by China Renaissance Group, Hangzhou Yuanjing Investment Management Co., angel investor Lightspeed China Partners and some individual investors. Xingbianli has raised nearly CNY500 million since its founding four months ago.

Xingbianli is a website operated by Ojiao Network Technology (Shanghai) Co. Established in June, it has already set up more than 10,000 stocked smart-shelves, covering both first-tier and second-tier cities. Xingbianli mainly operates staffless convenience shelves in offices and smart self-service convenience stores. It has opened eight such stores in Shanghai.

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Keywords:   Sequoia Capital China,Xingbianli,Staffless Stores