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One of These Companies is the Next ofo, but They Don't Use Bikes

2017-05-10 ShanghaiWOWeng

If you’re wondering what the next big thing will be after bike shares, there’s a lot of evidence to suggest the answer is Portable Power Bank sharing.



According to PE Daily, a recent flurry of investment activity has take place in the portable power bank share industry. Vendors and upstarts have reportedly raked in over RMB750,000,000 of financing over just the past 100 hours. Major players are investing in the industry including Tencent, Ali, Jumei, and Focus Media.


Some of the big names emerging in the industry are Xiaodian, Anker, Hidian, and LightTalk. The leading contender at the moment appears to be Xiaodian Technology, which has received more than RMB 450, 000, 000 within the past 38 days.



So what exactly is a portable power bank share? While the industry is still working itself out, companies are offering services in ways similar to bike share companies like ofo and Mobike. Users can sign up for the service with some personal information and a deposit, and will then have the ability to take power banks and drop them off as needed from share locations around the city.


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