p The spending spree on the power bank rental sector (estimated to be worth more than RMB 10 billion) continues.
U.S.-listed Chinese online retailer Jumei recently acquired a 60% stake in power bank-rental startup Ankerbox (街电科技) for RMB 300 million, adding another case to the string of Chinese firms that are rushing to the country’s budding power bank rental market.
/p p Under the deal, Jumei CEO and founder, Chen Ou, will take up the chairman position at Anker.
/p p Ankerbox is a Shenzhen-based startup growing from an incubation project two years ago by Hunan Oceanwing E-commerce (海翼), the company behind power bank brand Anker.
Oceanwing was founded by a few ex-Googlers in 2011 and engages in research, development, and sales of smart device peripherals.
/p p class "wp-caption-text" Image credit: huanqiu.com /p p Ankerbox allows users to rent power banks for a fixed fee.