logistics

Indian startup secures financial commitment from South Africa's Naspers – well-known as an early investor in Chinese tech giant Tencent.

Self-driving truck company TuSimple has closed its $215 million Series D round of funding. We speak with the financial advisor on that deal about the development of the market.

Five-year-old startup raises $70 million in its third funding round in six months and claims to be the first to close series C funding among international shipping service providers in China.

Asia’s third-largest logistics group is the last among its competitors to pursue a public listing of shares. Its $1.24 billion Hong Kong IPO is being launched on the back of soaring demand for high-quality logistics assets.

TuSimple said proceeds from the $95 million fundraising round will go towards research and development as the company pushes into the rapidly expanding US market .

The eight-year-old company completed a $356 million funding round, signaling that investors are ready to unlock more value in China’s under-penetrated B2B logistics market.

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

Chinese logistics companies can do no wrong. Fleet management service provider G7 has raised a record $320 million, the fourth such company to do so in the past two months.

By investing in Chinese logistics services provider Keking, Ant Financial is complimenting Alibaba's growing logistics push further upstream.