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.
