China O2O delivery start-up raises $13m
Matrix Partners and Lightspeed China Partners have committed $13 million in extended Series A round of funding to 123Feng.com, a Chinese start-up provides delivery services for e-commerce and food-ordering platforms.
Founded in 2014, 123Feng claims to have built a courier team of over 10,000 people - with self-owned trucks and vans - that offers point-to-point last-mile delivery services for online merchants. Custmers...
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