VCs back China smart vending machine operator
Citybox, a China-based smart vending machine operator, has secured a $15 million Series A round of funding from GGV Capital, Yunqi Partners, Blue Lake Capital and ZhenFund.
Citybox’s refrigerator-sized machines sell groceries and other fresh products. They use vision recognition and other technologies to track users and ensure a high level of security. Shoppers open machines...
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