Retail Automation – Carlyle Group invests US$85 million in vending machine operator Ubox to tap China’s evolving e-commerce boom

By | July 30, 2015

Carlyle Group, one of the world’s largest buyout funds, said on Thursday it will invest US$85 million in Ubox to help expand the Chinese vending machine operator’s network and give consumers a better-quality service. …


For several years, Ubox’s customers have been able to shop online via its mobile app and collect their drinks or snacks from its network of interactive vending machines, which now number over 30,000 and are spread across 58 Chinese cities.