China Digest: Citybox, Jiaanpei, Rogrand, Zhulilaiye, Viamax get funding

China Digest: Citybox, Jiaanpei, Rogrand, Zhulilaiye, Viamax get funding

Photo: REUTERS/JASON LEE

The start-ups funding scene in China is booming. Citybox, Jiaanpei, Rogrand, Zhulilaiye, and Viamax are among the latest firms to secure funding, CMN reported.

ClearVue leads $25m in Citybox

Citybox, a Chinese smart vending machine operator backed by Alibaba’s Ant Financial, has raised $25 million in a Series B round of funding led by ClearVue Partners. Launched in January last year, Citybox introduced refrigerator retail terminals with QR codes stamps, anti-theft and user tracking capabilities. The startup sells fresh produce such as yogurt and chilled lunchboxes.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter