Package delivery station operator Hive Box was formed by corporates GLP, SF Express, STO Express, ZTO Express and Yunda Express in 2015.

Hive Box, a China-based, corporate-backed logistics services provider, has received RMB2.5bn ($360m) in a series A round led by alternative asset management firm CDH Investments, China Money Network has reported.

The round also featured state-owned financial institution China Development Bank, which participated through its China Development Bank Capital investment arm, as well as Eastern Bell Venture Capital, Yiyao Capital and existing, unnamed shareholders.

Hive Box was set up in 2015 by logistics facilities provider GLP and courier services companies SF…