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BingoBox

BingoBox

BingoBox is a company founded in 2014.

OverviewStructured DataIssuesContributors

Contents

bingobox.com
Is a
Organization
Organization
Company
Company

Company attributes

Industry
Convenience store
Convenience store
‌
Self-service
Location
Beijing
Beijing
0
China
China
Pitchbook URL
pitchbook.com/profiles...184291-75
Number of Employees (Ranges)
501 – 1,0000
Full Address
14th Floor, Block B, Bao Energy Center, Building 10 Futong East Street, Chaoyang District Beijing China
Investors
GGV Capital
GGV Capital
Source Code Capital
Source Code Capital
QiMing Venture Partners
QiMing Venture Partners
Ventech China
Ventech China
Founded Date
2014
0
Total Funding Amount (USD)
80,000,000
Latest Funding Round Date
January 18, 2018
Latest Funding Type
Series B
Series B

Other attributes

Company Operating Status
Active
Latest Funding Round Amount (USD)
80,000,000

BingoBox is a brand of self-service convenience stores. The company that developed BingoBox is Beijing Bin Song Network Technology Co. It was established in 2016 by Chen Ziling. BingoBox's headquarters is located in Zhangshan, Guangdong, China. As of April 2018, BingoBox has operations in 30 cities in China. It has also expanded to Taiwan, Malaysia, and South Korea and has also started expanding to Japan.

Service

BingoBox operates a convenience store without the presence of a store employee. Nevertheless, if customers require help regarding BingoBox's services, customer service can be reached through a video call device available at the store.

To enter the store, the customer must scan a QR Code which also functions as a way to verify the customer's identification. During the check-out process at the cashier counter, the customer only needs to put their purchased items onto the counter and the total amount would be displayed on the available screen. Transactions can only be done using mobile phone-based payment gateways such as Alipay and WeChat. Before being able to leave the store, cameras at the door would automatically check whether the products on hand have all been paid for. Additionally, there is a camera at the store that allows for facial recognition to ensure that when theft occurs, investigation to apprehend the suspect would proceed much quickly. The store is open 24/7.

Customer experience overview for BingoBox

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

This new retail startup is dubbed China’s Amazon Go, but with a key difference

Hans Tung

https://www.techinasia.com/talk/zilin-chen-bingobox

Web

August 22nd, 2018

References

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