Fosun Capital leads $80m Series B for China’s BingoBox
BingoBox, a Chinese unmanned convenience store operator, has raised an $80 million Series B round of funding led by Fosun Capital. Existing investors Prometheus Capital, Qiming Venture Partners, GGV Capital and Ventech China also took part.
The two-year-old company has about 300 stores in 29 cities across the countries. Like other cashier-free convenience store start-ups, BingoBox customers buy daily items like soft drinks and snack food...
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