Lalamove, Asia’s leading on-demand delivery & logistics service provider, closed a US $300M in its latest D1 round led by Hillhouse on February 21, 2019.
Logistics
Hillhouse Invests in Safe Food Supply Chain Platform Caishixian
In November 2018, Hillhouse invested in Caishixian, a subsidiary of Yonghui, China’s largest fresh food grocery chain. This is a major step forward for the sector, and will significantly modernize how companies in China source food.
Meituan Raises $4B in Hong Kong IPO
In one of the biggest IPOs of the year, Meituan, China’s largest online services e-commerce platform, listed in Hong Kong on September 20, 2018, raising more than $4 billion.
Global Logistics Properties $11.6B Privatization Biggest Ever in Asia
Global Logistics Properties (GLP) announced on July 14, 2017 that it would be taken private for $11.6 billion in the biggest privatization ever in Asia. The consortium of buyers for the Singaporean-based company was led by Hillhouse.
ZTO Raises $1.4B on NYSE
On October 26, 2016, ZTO Express, one of the largest express delivery companies in the world, completed a $1.4 billion IPO on the New York Stock exchange. The listing was the largest IPO of the year at the time of listing, and the largest by any Chinese company in the US since Alibaba’s in 2014.
JD.com Raises $1.9B in Nasdaq’s Biggest IPO of 2014
In Nasdaq’s biggest listing of 2014, JD.com raised $1.9 billion from the public markets, in addition to a concurrent private placement from Tencent.