/Power bank rental is hot this week with Hidian secures angel round, & more

Power bank rental is hot this week with Hidian secures angel round, & more

Power bank rental startup Hidian receives millions in USD for angel round


Founder: Liu Wenyuan

Founded in: 2016

Financing status: Tens of millions in RMB (a few millions USD) in angel round financing in 2017

Hidian is a power bank rental startup set up in 2016 in Shanghai. The company’s power banks are desktop charging treasure with a 20000 mAH battery capacity, which means the power banks can be rented more than three time per day. The company charges RMB 1 yuan hourly and without a deposit guarantee. It has deployed hundreds of its power banks in cafeterias of Shanghai for market testing.

Hidian grabbed this angel round financing led by Zhizhuo Capital. This fund will be used to deploy more power banks in Shanghai as it aims to reach a number of 10,000 this month.

Smart data analysis service provider Kyligence lands USD 8 M in Series A round

Screenshot from Kyligence.com
Screenshot from Kyligence.com


Founder: Han Qing

Founded in: 2016

Financing status: RMB 55 million (USD 8 million) in Series A round financing in 2017

Kyligence is an enterprise-level data warehouse product based on a big data platform. It empowers sub-second query latency on big data and simplifies data analytics for business users, analysts and engineers.

Based in Shanghai, the company’s management and core tech has previously worked at eBay, IBM, Microsoft and Teradata. Kyligence has already grabbed more than 200 customers around the world including OPPO and Lenovo.

The company received the Series A round financing led by CBC Capital and Shunwei Capital, followed by Redpoint Ventures, which also led Kyligence’s angel round. It will use this fund to enhance its business model and improve development of big data technology.

(Top photo from 58pic.com)

Kaikai Shi majored in Biotechnology at Zhejiang University. He now runs the Tech Financing column for AllChinaTech. His interests are in new technology and reading. Kai believes that new technology will change the world we live in, and is trying to engage himself in this process.