The logistics service provider raised the money in a series C round co-led by a subsidiary of Susquehanna International Group, and will invest in growth and R&D.
SIG Asia Investments, a subsidiary of technology and trading firm Susquehanna International Group, has co-led a $50m series C round for China-based logistics service provider Shansong Express, Technode reported yesterday.
The round, which was co-led by venture capital firm YI Capital, included investment firm Prometheus Capital.
Founded in 2014, Shansong Express operates a short-distance logistics service that promises delivery within an hour for distances under five kilometres.
The company uses a network of about 184,000 couriers, delivering roughly 100,000 packages…
