Sequoia, Banyan lead $51m round for China’s Xiaodian
Sequoia Capital China and Banyan Capital have led a RMB350 million ($51 million) Series B round of funding for Xiaodian, a Beijing-based power bank rental company.
New investors Fosun Kinzon Capital and Zhongwei Capital also participated, while existing backers Tencent Holdings, Vision Plus Capital and CDH Investments all re-upped. Operated by Beijing Yidianyuan...
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