On December 22, the logistics management system provider Best Logistics has launched a new round of private equity financing, with a total financing of about 20 million US dollars. At present, many investors have been in contact with Best Logistics. This is the third round of financing for Best Logistics. According to sources close to the financing, the financing price will be slightly higher than the previous round.
In April 2010, Best Logistics received investment from Walden International and CDH to provide B-round financing for Best Logistics with a total amount of US $ 15 million. After financing, Best Logistics valued US $ 75 million.
In the second round of financing, Best Logistics was sought after by many well-known PE institutions, and Best valued the value-added services brought by PE institutions in channels and capital markets, resulting in some high-priced investments. Instead, the institution failed.
Best Logistics has not yet achieved profitability in 2009, and it is expected to achieve breakeven in 2010. According to people close to the financing, investors and Best have signed unilateral gambling clauses, and the value of the gambling investment is as high as 90 million US dollars.
Best Logistics has already made its first financing in 2009, when the total financing amount was as high as 15 million US dollars. Although Best has kept quiet about the investors and the investment situation, according to people close to this round of financing, the first round of investment institutions are Alibaba and Foxconn, each of which invested US $ 7.5 million and each received 15% of Best's equity.
Relevant people close to Best Logistics said that Best Logistics has outstanding advantages in user platform construction, target market positioning, team execution ability, etc., and the personal ability of founder Zhou Shaoning has also been unanimously recognized by investors.
The registered place of Best Logistics is Hong Kong, and the mainland headquarters is located in Hangzhou. As the leading domestic logistics management system provider, Best Logistics' service network reaches most of the first-, second-, and third-tier cities in the country. Relying on perfect partner certification and management system, professional supply chain solutions, and advanced information technology platform developed by the company, Best Logistics undertakes the design and optimization of logistics supply chain for domestic and foreign customers, and provides customers with storage management, trunk lines One-stop logistics outsourcing services including transportation and local distribution.
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