Shansong Express, which closed a $50m series C round in February, has raised a $50m series C+ round co-led by Hualian, while Hearst Communications also participated.
China-based logistics service provider Shansong Express has raised $50m in a series C+ round co-led by retailer Beijing Hualian Group and investment firm Shunwei Capital, China Money Network reported today.
Publisher Hearst Communications also took part in the funding round, as did Prometheus Capital.
Established in 2014, Shansong Express operates a last-mile delivery service that guarantees for delivery times of under an hour for distances of less than five kilometres in cities. The company claims its average delivery time is…
