Online gold trading platform G-banker.com receives USD 29 M for Series C
Founded in: 2014
Financing status: RMB 200 million (USD 29 million) Series C financing in 2017
G-banker.com is an online gold investment and trading platform that uses internet technology to integrate gold investment, financial management and physical gold liquidity management services. It mainly provides interest-bearing physical gold products and loan services for small and medium-sized jewellery retailers.
The platform launched in 2014 in Beijing, and has more than 1.4 million registered users, and the gold assets under its management are over 20 tons. In addition, more than 500 jewellery retailers across China have partnerships with G-banker.com.
G-banker.com’s Series C financing round was led by BOC International, and Softbank China Capital which invested in its Series A and B rounds also joined as an investor in this round. The capital will be used to recruit more talent to expand its gold investment and trading business, and develop enterprise credit database for future development.
Power bank rental startup Yunchongba receives USD 3.6 M in Series A round
Founder: Lei Yun
Founded in: 2015
Financing status: RMB 25 million (USD 3.6 million) Series A financing in 2017
As reported in our earlier Tech Financing coverage on several power bank rental startups, power bank rental is a trending industry in China with many startups and venture capital firms joining this battle to bet on this emerging trend. Every power bank rental startup wants to offer differentiated rental services to customers in this fierce battle.
Yunchongba is a power bank rental startup that places its power bank rental outlets in crowded places such as subway stations, shopping malls, restaurants, and so on. Unlike its competitors, users can rent power banks through QR code scanning on the power bank rental outlets with Alipay and WeChat without downloading an app. Moreover, Yunchongba now has some partners that manufacture vending machines. It fixes its power bank rental outlets onto vending machines, and believes that it is a good way for both industries to benefit from this collaboration.
Founded in 2015 in Shenzhen, the company now has a 200-member team. This Series A financing round was from Ubox, a smart vending machine manufacturer in China. Yunchongba also reached a partnership with Ubox to fix power bank rental outlets onto vending machines. Not only can Yunchongba’s power banks be found easily, but this is also a good way to boost the sale of goods in Ubox’s vending machines.
（Top photo from 58pic.com）