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.
Transportation
Meituan Buys Bike Sharing Firm Mobike for $2.7B
Mobike, the bike sharing app that has transformed China’s landscape, was acquired by Meituan Dianping for $2.7B on April 4, 2018. Hillhouse was an early investor in Mobike. The company known for its ubiquitous dockless orange bicycles that are powered by GPS and an easy to use app had made short commutes in China vastly easier in the two-plus years since it launched in early 2015.
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.