Unique Research · Company / Funding · November 23, 2022
On Nov 21, 2022, intelligent retail platform Kuaijin Store (快进商店) closed a multi-hundred-thousand RMB angel exclusively from Xiaoyi Capital (小一创投). Use: store expansion + hardware R&D. First external financing; founder Wu Jiabao holds 78.6% (5 shareholders / 3 naturals).
Founded 2021 Xiamen: smart hardware + SaaS for offline retail (esp. SME convenience) — 24h remote guarding, digital hardware base, terminal data for brands. Context: 2021 China social retail ¥44T, offline 75%; 163k chain convenience + 5M mom-and-pop stores. Prior plays (supply chain, aggregated payments) left “easy to open, hard to staff” unsolved. Kuaijin retrofit in as fast as 24h; same-day incremental revenue; hardware only thousands RMB; commission only when remote guard on. 10 months: 0→100 stores/city model; 100% paid; 24% referral; payback 4–5 months vs high-cost unmanned stores. Wu prior: Blue Store campus express lockers — 74k outlets / peak 2M parcels/day, SAIF & SIG-backed. Xiaoyi’s Yang Fan: remote-guard incremental value into 5M mom-and-pop stock; light-asset land-grab + multi-revenue (guard cut, retrofit fee, later brand consumer/sales data).
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