Logistics
Innovation Works launches fund with China’s Zall Group
China-based early-stage investor Innovation Works, which was founded by former Google China head Kai-Fu Lee, has teamed up with Hong Kong-listed real estate developer Zall Group to launch a private equity fund.
China logistics software start-up raises $25m Series B round
OTMS, a China-based logistics software developer, has raised a $25 million Series B round led by Weixing Chen, founder of local ride-hailing app operator Kuaidi Dache.
Equity International raises Asia fund to support e-Shang Redwood
Equity International (EI), a Chicago-based investment firm focused on real estate and infrastructure platforms in emerging markets, has closed its first Asia-focused fund, aimed at supporting Chinese warehouse firm e-Shang Redwood (ESR).
China’s Best Logistics raises $760m
Best Logistics Technologies, a China-based logistics and supply chain management business part-owned by Alibaba Group, has completed a $760 million round led by Everbright Financial Holding Asset Management and CITIC Private Equity.
Carlyle exits Australia's Qube Logistics
The Carlyle Group has fully exited its remaining stake in Australian ports operator Qube Logistics for a reported A$350 million ($263 million).
I Squared's toll road platform buys IL&FS asset for $21m
Cube Highways and Infrastructure, the India toll road and transportation investment platform of I Squared Capital, has bought a toll road asset from IL&FS Transportation Networks for INR1.4 billion ($20.9 million).
New Zealand's Oriens Capital raises $21.8m
New Zealand private equity firm Oriens Capital has received commitments for its debut fund in excess of the vehicle’s first-close target of NZ$30 million ($21.8 million).
Alibaba leads round for China VC-backed e-commerce site
Alibaba Group has led a RMB267 million ($49 million) Series C round for Shandiangou.com, a Chinese mobile shopping and delivery app backed by several VC investors.
China's Fruitday adds $15m to Series D round
Fruitday, a Chinese VC-backed e-commerce site dedicated to selling imported fruit, has received RMB100 million ($15 million) in an extended Series D round from an investment fund backed by Shanghai-listed developer Zhangjiang Hi-Tech Park.
Vietnam's Mekong backs logistics business, adds two partners
Vietnam-focused Mekong Capital has announced the second investment from its latest fund – cold chain logistics provider ABA Corporation – and also promoted Thanh Giang Vu Pham and Truong Dieu Le to partner. It now has four partners in total.
Warburg Pincus commits $125m to India logistics start-up
Warburg Pincus has agreed to invest up to $125 million in an India-based supply chain services start-up founded by Anshuman Singh, who previously spent nine years as head of Future Supply Chain Solutions.
Southeast Asia’s aCommerce raises further $10m
Southeast Asia-focused e-commerce solutions provider aCommerce has raised $10 million in new funding ahead of a planned Series B round. The latest commitment is led by MDI Ventures, a corporate VC fund run by Indonesian mobile operator Telkom.
NSR completes exit from India's VRL
New Silk Route (NSR) has exited its remaining stake in Indian logistics firm VRL Logistics.
GIC backs South Korea's Hyundai Logistics
Singapore’s GIC Private has invested in a real estate fund that acquired the Hyundai Logistics Distribution Center in South Korea.
Brookfield closes $14b global infrastructure fund
Canada’s Brookfield Asset Management has achieved a final close of $14 billion for a global infrastructure fund, exceeding the vehicle’s original target corpus of $10 billion.
RRJ, Carlyle-backed logistics player targets $434m HK IPO
A subsidiary of Chinese logistics player Shanghai Yupei Group, which is backed by RRJ Capital, The Carlyle Group, and Temasek Holdings, is looking to raise up to HK$3.36 billion ($434 million) through a Hong Kong IPO.
China delivery service provider UC Express raises $46m
Chinese delivery service provider UC Express has raised about RMB300 million ($46 million) in a Series A round of funding from Eastern Bell Venture Capital and Kerry Logistics.
Macquarie invests $29m in Japanese logistics business
Macquarie Asia Infrastructure Fund (MAIF) has invested EUR26 million ($28.9 million) for a 40% interest in Japanese logistics company Nippon Vopak.
PE-backed SF Express targets $6.6b Shenzhen reverse merger
China’s largest express delivery services provider SF Express, which is backed by several PE investors, is looking to list in Shenzhen through a reverse merger that values the business at RMB43.3 billion ($6.6 billion).
Singapore logistics group launches VC arm with $14.6m fund
Singaporean port terminal operator PSA International has launched a logistics-focused venture capital arm with an initial fund size of S$20 million ($14.6 million).
New Horizon leads new round for Hong Kong's GoGoVan
Hong Kong app-enabled logistics start-up GoGoVan has completed a Series C round led by New Horizon Capital. Financial terms were not disclosed.
CDIB Capital invests $45m in China's Best Logistics
CDIB Capital has committed $45 million to Best Logistics Technologies, a China-based IT-driven integrated logistics and supply chain management business part-owned by Alibaba Group.
China online grocer Miss Fresh raises a further $36m
Miss Fresh, a Chinese online grocery retailer backed by Tencent Holdings, has raised RMB230 million ($36 million) in an extended Series B round led by domestic investor Yuan Yi Investment.
Deal focus: VCs see quality in Yummy Express' asset-heavy business model
While most logistics start-ups dedicated to serving China's online food-ordering platforms hire part-time staff through crowdsourcing, Yummy Express recruits full-time employees to provide a consistent service