Truck transportation app hauls in USD 4.5 M…

Baba Super, a mobile app that provides a platform for independent truck drivers and their clients, received RMB 30 million (USD 4.5 million) from Shenzhen-based The Launcher Corporation in a Series Pre-A financing round on…

Alibaba financial report: Cainiao logistics a boon to…

Cainiao, the logistics subsidiary of Chinese e-commerce giant Alibaba, has completed a financing round worth RMB 10 billion (USD 1.5 billion), Alibaba's 2016 Q4 financial report confirmed on Thursday. Alibaba says it will hold 47%…

Tech financing in China this week – This…

Don’t miss out our headlines this week: Homelink may have landed USD 926 M; Tencent-backed logistics data tracker lands USD 45 M; and Aier Eye to take 2nd biggest stake in Qihoo 360 with USD…

Alibaba-backed logistics site rumored to close financing

[caption id="attachment_6504" align="aligncenter" width="600"] Photo from ifeng.com[/caption] Rumors are proliferating that Alibaba's subsidiary Cainiao will soon close its first round of financing, mainland media outlets reported on Tuesday. Sina Tech quoted a source close to…

Fosun Group and Ping An Insurance invest in…

[caption id="attachment_6300" align="aligncenter" width="600"] Photo from Yunda Express's official website[/caption] Yunda Express, one of China's major courier companies, announced that it has received investment from five institutions including Fosun Group, Ping An Insurance, China Merchants…