Shansong Express, a Chinese startup that provides intercity courier services, has announced a $50 million series C led by SIG Asia Investment and Yi Capital, our sister site TechNode Chinese is reporting. Prometheus Capital, a fund backed by Wang Sicong, the son of Chinese billionaire Wang Jianlin, also participated.
Founded in 2014, Shansong (闪送, literally “flash delivery” in English) provides short-distance and same-city logistics services.
Chinese consumers are impatient and speed is crucial to good user experience. Shansong pledges a 60-minutes delivery for orders within five kilometers. After that, its 30 minutes for every other 5 kilometers.
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