Smart Share Global Ltd

Smart Share Global Ltd is a consumer technology company that provides mobile device charging services through an extensive online and offline network. The company offers its service using power banks placed in Points of Interest (POIs) operated by its location partners, which include entertainment venues, restaurants, shopping centers, hotels, transportation hubs, and public spaces. Users rent these power banks through mini-programs and can return them at any of the company's POIs. As of December 31, 2024, Smart Share Global Ltd had a network of approximately 1,279,900 POIs, covering more than 2,200 out of the approximate 2,850 counties and county-level districts in China. The company's cumulative registered users were approximately 333.7 million as of December 31, 2022, 391.5 million as of December 31, 2023, and 439.9 million as of December 31, 2024. The number of mobile device charging orders was 552.8 million in 2022, 656.4 million in 2023, and 574.0 million in 2024. The company utilizes advanced proprietary technologies and big-data analytics capabilities to facilitate transactions, optimize hardware management, and gain user insights. As of December 31, 2024, its system actively monitored and processed data from a network of approximately 9.6 million power banks. The hardware is manufactured under industry-leading quality and safety protocols by top-tier assembly partners, with raw materials and components sourced from renowned suppliers.