InnoVision Capital Leads $250M In Chinese Logistics Firm 58 Suyun


58 Suyun

Beijing-based private equity fund InnoVision Capital has led a US$250 million funding round in 58 Suyun, a freight business unit under Chinese online marketplace 58 Daojia. Alibaba’s logistic arm Cainiao Network, the Russia-China Investment Fund (RCIF), Qianhai Fund of Funds, and 58 Daojia also participated in the round, according to 58 Suyun’s announcement. 58 Suyun was founded by 58 Daojia in 2014 to focus on intra-city logistics and freight business. As of July, the company’s business covers 339 cities across …

InnoVision Capital Leads $250M In Chinese Logistics Firm 58 Suyun appeared first on China Money Network.


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