China Digest: GGV backs $15m round in Citybox; Lightspeed leads $14m in Xingbianli

China Digest: GGV backs $15m round in Citybox; Lightspeed leads $14m in Xingbianli

A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

Investments in “smart retail” sector in China has reportedly reached almost $70 million with the funding of two startups, smart vending machine operator Citybox and checkout-free convenience store operator Xingbianli.

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