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Marex Onboards Arthur Fan as Head of Asia Pacific (APAC)

Marex has onboarded Arthur Fan as Head of Asia Pacific (APAC), effective from 10 January 2022. ....

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Chinese smart logistics platform YunQuNa enters unicorn club post $100m round

Chinese smart logistics platform YunQuNa enters unicorn club post $100m round
Bukit Merah, Singapore. Photo by CHUTTERSNAP on Unsplash
May 25, 2021
YunQuNa, a global smart logistics service platform born in China, announced on Tuesday the completion of a Series D1 funding round at $100 million to achieve a unicorn valuation of over $1 billion.
Investors of the Series D1 round remained undisclosed. Beijing-based Source Code Capital, which backed YunQuNa’s Series A round in 2017, said in a statement that it had continued to re-up in the firm’s Series B, C, and D rounds.
Shanghai-based YunQuNa, which has served about 20,000 enterprises to date, plans to further raise its stakes in the construction of a global logistics network using the new proceeds. It targets to add “dozens of” new logistics centres across major countries and regions in the next one to two years. That is expected to lift the firm’s existing network that covers markets including Mexico, ....

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