GGV Capital leads $14m series A round in Chinese staff-free store Bingobox

GGV Capital leads $14m series A round in Chinese staff-free store Bingobox

A Benjamin Franklin U.S. 100-dollar banknote and a Chinese 100-yuan banknote depicting the late Chinese Chairman Mao Zedong, are seen in a picture illustration in Beijing

Bingobox, China’s version of Amazon Go, has secured RMB100 million ($14 million) in a series A financing round led by GGV Capital with participation from Qiming Venture Capital, Source Code Capital and Ventech China, according to the company’s announcement today.

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