On August 31, Jumei Youpin made an announcement stating that it had successfully completed the acquisition of Shenzhen Street Power Technology. As part of this deal, River International Holding, a fully owned subsidiary of Jumei Youpin, will now hold shares in Street Power Technology.
Attached below is an image illustrating the vast market potential of shared charging services, showcasing how Jumei Youpin has now acquired Street Power. [Image description: A vibrant photo highlighting the shared charging treasure concept with multiple charging stations placed in public locations.]
Street Power Technology specializes in shared charging solutions, operating primarily through a self-rental cabinet model. Their innovative approach involves placing charging cabinets in strategic locations such as shopping malls, cinemas, and restaurants. Users simply scan a QR code from these cabinets to access the service and can later return the device at any cooperating outlet. This user experience closely mirrors that of shared bikes.
Interestingly, Street Power began as an incubator project within Anker (Haiyi), a well-known North American brand renowned for producing smart digital peripherals like portable power banks, chargers, and Bluetooth accessories. Earlier this year, at the end of March, Street Electric secured a Class A round of funding, led by prominent investors including IDG Capital, Xinwangda Capital, and Haiyi shares.
According to their official website, Street Power's headquarters is based in Shenzhen, with active deployments already established in major cities such as Beijing, Shanghai, Guangzhou, Shenzhen, Hangzhou, Changsha, Wuhan, Nanchang, Xiamen, and Hefei. They have managed to accumulate millions of daily users and aim to expand their coverage to 100 cities nationwide by the end of 2017, with plans to install hundreds of thousands of charging cabinets in the offline market.
Back in May, Jumei Youpin also revealed its intention to acquire the equity of another shared charging company, Shenzhen Charging Technology Co., Ltd., for 300 million RMB (in cash). Chen Ou, founder and CEO of Jumei Youpin, confirmed his role as the new chairman of Street Power, with Jumei Youpin holding approximately 60% of the shares in Street Power Technology.
Chen Ou explained to the press that the shared charging market holds immense potential, estimated in the tens of billions. He highlighted that investing in Street Power was a strategic move due to its leadership in technological innovation and its substantial hardware infrastructure. The backing of original shareholders Haiyi and Xinwangda in terms of hardware and supply chain management further solidified this decision. Although Jumei Youpin did not initially invest in this project, they plan to inject additional funds amounting to several billion dollars over the next three months to fuel further growth and expansion.
This acquisition signifies a significant milestone for both companies, as they leverage their combined strengths to dominate the rapidly growing shared charging industry. With ambitious plans already set in motion, the future looks promising for Street Power under Jumei Youpin’s guidance.
Brake Disc For HYUNDAI
Hyundai Brake Disc,Hyundai Auto Brake Disc,Hyundai Car Brake Disc,Hyundai Automobile Brake Disc
Zhoushan Shenying Filter Manufacture Co., Ltd. , https://www.renkenfilter.com