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 skill rests in the efficiency of its management and a steady transportation network.
Road transportation has always been the first option for logistics in China, and it makes up about three-quarters of...