SF Express-Backed Package Drop-Off Firm Bags USD323 Million in Funding
Liao Shumin
/SOURCE : Yicai
SF Express-Backed Package Drop-Off Firm Bags USD323 Million in Funding

(Yicai Global) Jan. 24 -- Hive Box Technology Co., a provider of smart lockers for courier deliveries, have secured CNY2.07 billion (USD323 million) in a new round of funding, the company said in a press briefing.

 

Major Chinese logistics firms Yunda Holding Co., https://www.cialissansordonnancefr24.com/cialis-en-pharmacie/ STO Express Co., and SF Express Investment Co. participated in the funding of the Shenzhen-based company.

 

Yunda now holds a 13.4 percent stake in the company through an investment of CNY270 million, while STO Express holds 9.0 percent through its CNY180 million contribution.

 

Other participants include Shenzhen Weirong Enterprise Development Co. and GLP Investment Co.

 

HIVE Box Technology Co. was jointly established by SF Express, STO Express, ZTO Express, Yunda and GLP, in June 2015. It develops and operates a 24-hour self-service open platform for courier companies to use intelligent cabinets for package drop-offs. 

 

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Keywords: HIVE Box , YUNDA , STO Express