Logistics investment keeps on truckin'

With estimates that the market could hit Rmb2 trillion by 2020, no wonder that investors see a promising future for Chinese road transportation.

Logistics investment keeps on truckin'

Yimidida YMDD, a Chinese logistics company that specialises in crowd-sourced delivery services in China's small counties and villages, has raised $266 million in Series D funding.

Boyu Capital led the round and was joined by existing investors GLP, Hopu Fund and Source Code Capital.

YMDD focuses on what it calls the less-than-carload business in other words, those smaller and lighter orders that can’t fill a whole truck. Its...

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