Carlyle invests US$85m in Beijing Ubox
Print Edition
PRIVATE equity firm Carlyle Group has invested 530 million yuan (US$85.4 million) in Chinese vending machine operator Beijing Ubox Technology & Trade Co.
Carlyle did not disclose the size of the purchased stake, but said it made the investment through Carlyle Beijing Partners Fund, a yuan fund it established with the support of the Beijing government.
“China’s vending machine market is still at an early stage of development, with great potential for growth,” said Eric Zhang, managing director of the Carlyle Asia buyout team.
In addition to vending machines, Ubox allows customers to shop online via a mobile application and collect purchases at a vending machine.
Established in 2010, Ubox has more than 30,000 vending machines across 58 cities.
“The partnership will allow us to expand our vending machine network in China, improve our digital marketing and advertising business and explore other value-added services for customers,” said Ubox Chairman Wang Bin.
He said China’s vending machine industry is expected to grow rapidly in the next 10 years as a result of urbanization and stable economic growth. Carlyle’s latest stake purchase follows a combined US$235 million investment in a logistics company in Shanghai and a leasing firm in Beijing in late June.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
