IDG commits $1m to Hong Kong start-up AfterShip
AfterShip, a Hong Kong start-up that runs a package tracking platform, has received $1 million in Series A funding from IDG Capital Partners.
The company will use the capital to develop delivery analytics tools that help e-commerce sites to monitor the shipping performance of different carriers and track delayed shipments, in order to arrive at more accurate delivery times.
AfterShip's clients include e-commerce sites such as Groupon Goods, Etsy, Wish and Rocket Internet properties Zalora and Lamido.
"Every carrier says they are the fastest, but often when they promise a two-day shipment, the package doesn't actually arrive in two days. It's different across countries, for shipment types, or they are not being honest or doing as well as they say," Andrew Chan, co-founder of AfterShip, told TechCrunch.
IDG is primarily focused on investments in consumer products and services, internet and wireless applications, new media, education, healthcare, new energy, and advanced manufacturing sectors.
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