STREET LIBRARY NETWORK

Street Library Network (街库) is an integrated platform with online-to offline business communication. It targets the consumption terminal and opens up the consumption channel mainly through online paying, offline store experiencing and consuming, and applying two-dimensional code recognition technology to all ground alliance merchants. On January 26, 2013, Street Library obtained 0.2 billion financing with a valuation of about 0.92 billion yuan from Huaxia Morgan. Official data of Street Library Network showed that, the national coverage of Street Library would surpass 30 with 0.1 to 0.2 million alliance merchants and an annual consumption of 40 billion yuan till 2013.