About Magic Box Citybox
Magic Box Citybox is a Consumer company based in Shanghai (China) founded in 2016 by Shen Bowei and Wang Qiang. It operates as a smart vending machines for offline retailers. It operates in the Consumer and Retail sectors. Magic Box Citybox has raised $40 million across 2 funding rounds from investors including GGV Capital, Yunqi Partners and Blue Lake Capital. Its chief executive is Shen Bowei. Its website icitybox.cn draws about 15 thousand monthly visits. Its focus areas include Autonomous Retail, Smart Vending Machines, Fully Autonomous and Food and Agriculture Tech. Its competitors include Ubox, Beijing Freebee Electronic Commerce, SmartRetail, Hefei Midea Intelligent Technology and Meiweishenghuo and 2 more; 5 of its 7 listed competitors have raised funding.
Company details
Magic Box Citybox was founded in 2016 in Shanghai, China, focusing on retail technology. Smart vending machines are offered to offline retailers, enabling programming for loyalty programs, discounts, targeted advertisements, and upselling. Each unit includes mobile payment integration, task management, and remote control capabilities. Operations center on supporting store owners with these automated retail solutions in the Chinese market.
- Headquarters Shanghai, China
- Founders Shen Bowei, Wang Qiang
- SectorsConsumerRetail
- Email••••••••
- Phone•••• ••••
- Website icitybox.cn
- Total Equity Funding$40M (USD)
in 2 rounds
- Latest Funding Round$25M (USD), Series B
May 2018
- InvestorsGGV Capital
& 3 more
Funding Insights of Magic Box Citybox
Magic Box Citybox has successfully raised a total of $40M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in May 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $40M
- Total Rounds 2
- Last Round Series B — $25M
- First Round $15M
(Sep 2017)
- Investors Count 4
All 2 funding rounds of Magic Box Citybox with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2018 | $25M | Series B | – | – | – |
| Sep 2017 | $15M | Series A | – | GGV Capital, Yunqi Partners | – |
4 investors in total: 4 institutional.
Investors in Magic Box Citybox
Magic Box Citybox has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include GGV Capital, Yunqi Partners and Blue Lake Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital is invested in cybersecurity, fintech, and AI startups. | – | ggvc.com | Menlo Park, United States | |
Investments are made in tech startups by Yunqi Partners. | – | yunqi.vc | Beijing, China | |
Blue Lake Capital is focused on investing in digital innovation. | – | bluelakecap.com | Shanghai, China | |
Tech & Offline focused Seed stage VC Firm investing primarily in Asia and the US | – | zhenfund.com | Beijing, China |
Investor details for Magic Box Citybox
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People of Magic Box Citybox
2 people are tracked at Magic Box Citybox (2 in leadership).
| Name | Role | Group |
|---|---|---|
Shen Bowei | Co-Founder & CEO | Leadership |
Wang Qiang | Co-Founder & Chairman | Leadership |
Complete people profiles for Magic Box Citybox
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Timeline of Magic Box Citybox
3 dated milestones of Magic Box Citybox across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Magic Box Citybox is founded.
- Funding First funding round of $15.0M.
- Funding Latest funding round, Series B, of $25.0M.
Competitors of Magic Box Citybox
Magic Box Citybox has 7 listed competitors in our database, 5 of them funded. They include Ubox, Beijing Freebee Electronic Commerce, SmartRetail, Hefei Midea Intelligent Technology and Meiweishenghuo, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ubox.cn | 2010 | Beijing, China | $85M | – | Smart vending machines with O2O features are produced by Ubox. | |
| bianlifeng.com | 2016 | Chaoyang, China | $314.02M | – | Self check-out solutions are provided for retail stores. | |
| smartretail.co | 2009 | Hong Kong, China | – | – | Smart vending machines with AI customer profiling are provided. | |
| xiaomaigui.com | 2017 | Hefei, China | – | – | Smart vending machines are operated using sensor and vision technologies. | |
| meiweishenghuo.com | 2017 | Haidian, China | $13.58M | – | Manufactures and supplies smart vending machines | |
| vingoojuice.com | 2011 | Shanghai, China | $60.69M | – | Automatic smart vending machines are supplied to retailers. | |
| haishentech.com | 2016 | Shanghai, China | $5.78M | – | Cloud-based smart vending machines for offline retailers |
Detailed competitors of Magic Box Citybox
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Web traffic of Magic Box Citybox
The website of Magic Box Citybox (icitybox.cn) receives about 14.6K visits a month.
- Monthly visits14.6K
▲ 4587.4% vs previous month
Top companies in Food & Beverage Platforms
10 companies that operate in the same segment as Magic Box Citybox (Food & Beverage Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform food ordering and delivery service | 2008 | Gurugram, Haryana, India | USD 1.69 B | USD 5.79 B | 6,903 | |
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
Food and grocery items are ordered via an online network. | 2014 | Bengaluru, Karnataka, India | USD 3.62 B | USD 2.46 B | 4,488 | |
Online marketplace offering multi-category grocery products | 2015 | Barcelona, Catalonia, Spain | USD 1.16 B | – | 15,437 | |
Food and market delivery services are provided by iFood. | 2011 | Sao Paulo, Brazil | USD 592.4 M | – | 16,949 | |
Platform for discovering and sharing local businesses | 2004 | San Francisco, California, United States | USD 56 M | USD 1.46 B | 5,120 | |
Restaurant operations are managed via a cloud-based platform. | 2011 | Boston, Massachusetts, United States | USD 900 M | USD 6.15 B | 8,021 | |
Rides and deliveries are facilitated via a mobile app platform. | 2012 | Dubai, Dubai, United Arab Emirates | USD 771.7 M | – | 6,360 | |
Online platform offering discovery of local deals, experiences, and rewards | 2015 | Gurugram, Haryana, India | USD 105.82 M | USD 37.82 M | 414 | |
Wolt is operated as a delivery platform for food and groceries. | 2014 | Helsinki, Finland | USD 827.96 M | – | – |
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Related news about Magic Box Citybox
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Frequently Asked Questions about Magic Box Citybox
Magic Box Citybox was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Magic Box Citybox is headquartered in Shanghai, China.
Shen Bowei is the current CEO of Magic Box Citybox. They have also founded this company.
Magic Box Citybox is a funded company, having raised a total of $40M across 2 funding rounds to date. The company's 1st funding round was a Series A of $15M, raised on Sep 2017.
Magic Box Citybox was founded in 2016 in Shanghai, China, focusing on retail technology. Smart vending machines are offered to offline retailers, enabling programming for loyalty programs, discounts, targeted advertisements, and upselling. Each unit includes mobile payment integration, task management, and remote control capabilities. Operations center on supporting store owners with these automated retail solutions in the Chinese market.
Magic Box Citybox's top competitors include Ubox, Beijing Freebee Electronic Commerce and SmartRetail.
Magic Box Citybox has 4 investors. Key investors include GGV Capital, Yunqi Partners, Blue Lake Capital, and Zhen Fund.