Shunwei Co-Leads $50M Round In Last-Mile Delivery Firm Shansong

Shunwei Capital, an investment firm co-founded by Chinese billionaire entrepreneur Lei Jun, and retailer Beijing Hualian Group have jointly led a US$50 million series C+ round in Shansong Express, a Beijing-based inner-city logistics start-up focused on providing last-mile delivery solutions.

U.S. publishing giant Hearst Communications Inc. and existing investor Prometheus Capital also participated in the round.

The new round brings Shansong's total fundraising this year to US$100 million. The company completed a US$50 million series C round led by SIG Asia Investment and YI Capital in February.

Founded in 2014, Shansong Express focuses on last-mile, inner-city deliveries, guaranteeing one-hour or less delivery times for distances within five kilometers. Average delivery time in Shanghai and Beijing is around 45 minutes, the company...

This news article comes via , who is the copyright owner of this information and news. has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of China Money Network

You May Also Like