Guangzhou-based One Hour Technology, operator of O2O smartphone maintenance and recycling platform One Hour, has completed Series A funding led by GF Xinde Investment Management. The financing will be used to expand store locations and develop new services.
One Hour, established in October 2014, is a smartphone repair store brand which has spread via its chain of offline stores. Through online channels such as its official website, public account on Tencent's (0700.HK) WeChat mobile messaging app, and WeChat applet, the platform also offers online consultations and in-home or in-store service booking. The platform offers screen and battery replacement, and other in-home repair services, as well as phone recycling and trade-in services.
One Hour currently has nearly 800 self-operated and franchise store locations in over 200 cities and 27 provinces nationwide.