Whenever she passes by some malls in Beijing, Du Ni, 28, a bank employee in Beijing, buys a cup of fresh orange juice from an automated vending machine. “My husband likes the juice. It’s priced around 10 yuan ($1.5) per cup－really cheap and fresh. I think such orange juice has quality and is safer than that extracted from manually operated machines. I can also see the process of juice extraction. I’d try other fruit juices, whenever they become available through such vending machines,” Du said…Full Article: China Daily Oct 2017
- In October 2017, the owner of Vingoo Juice, Shanghai Geant Investment, raised CNY 400 million [~USD 56.9 million] in its B round of financing. Investors included Legend Capital, Joy Capital and Yunqi Partners. Going forward, the company intends launch ice cream and coconut water vending machines.
- As of June 2017, Vingoo Juice operated more than 3,000 vending machines across 176 Chinese cities. The company sells approximately 4 million cups of orange juice every month and had a 50% share of China’s automated orange juice vending machine market.
- Founded in 2009 and headquartered in Shanghai, Vingoo Juice manufactures vending machines that produce fresh juice. Owned by Shanghai Geant Investment, Vingoo Juice originally offered juice from bananas, pears, apples, and oranges, but has since narrowed its focus to orange juice. In addition, the company originally distributed its vending machines in shopping malls, but has branched out to transpiration hubs, hospitals, and tourist areas.
Hong Kong Trends