Bear Rental gets investment from govt-backed fund
COLDSKY.CN – Bear Rental(小熊U租), China’s leading operator of IT office equipment, has completed the 7th round of financing in three years with the latest input from government-backed Shenzhen High-tech Investment Group, a fund established in 1994 to facilitate SMEs financing.
Bear Rental provides comprehensive solutions for IT office equipment, including leasing, technical services, equipment recycling and asset management, to cover the full ecological system.
In the past, it also raised investment from four government-affiliated funds, including the Ministry of Finance and Shenzhen City.
It has served more than 30,000 enterprise, including 100+ Fortune 500 companies, over the past 16 years and won recognitions by the Ministry of Industry and Information Technology as an pioneer SMEs service provider.
“In the past, one investment of 1 million yuan can only help one enterprise, but through Bear Rental, our strategic investment can help 30 SMEs to achieve light asset operation and optimize the cash flow,” said Liu Fanghua, president of Shenzhen High-Tech Investment Group.