Last week two startups announced they were shutting their service, joining the ranks of recently failed startups.
Chinese Power bank rental startup LeDian shuts down
Chinese Power bank rental startup LeDian announced on a WeChat blog (link) that it was shutting down after retrieving all devices.
LeDian didn’t specify the reason for the company’s shutdown and just statedd that it had stopped the operation and urged users to withdraw deposits. According to media accounts, this is not the end of Chinese power bank rental sector. Despite LeDian’s failure, top players in the sector appear to be growing steadily. Last month another venture, Xiaodian announced a 195% growth in daily orders in August and now covers 70 cities in China.
Atlas Informatics announces shutdown
In another unrelated news, Seattle based startup Atlas Informatics announced (blog) on its website that it was shutting down.
We are very sad to report that Atlas Informatics is shutting down.
Atlas was born to solve the growing pain of digital chaos that we all feel in our lives. We joined the fight because we saw information overload as a righteous cause. Users who wish to finish their last searches should do so before October 25, 2017. To ensure your privacy, all system data will be electronically shredded on Thursday, October 26, 2017.
Although your Atlas index will not be available, your files, websites, email and chats on your personal hard drives or cloud accounts will not be impacted by the shutdown – it will just be harder to find them.
While we had to shut down Atlas, we are nevertheless very proud of what we achieved, and we are all looking forward to building future innovations with the goal of improving people’s lives. Our biggest and deepest thank you to all of the employees, customers, friends and family that have sacrificed their time to the dream of Atlas.
The Atlas Recall solution from the venture promised an intuitive and powerful way to index user information across services. The company had raised $20.7 million last year, and the reason for shutdown are unclear.