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uce.cn

Stage

Acquired | Acquired

Total Raised

$333.47M

About UC Express

UC Express is a large-scale logistics company providing nationwide express delivery services. On February 18, 2020 UC Express was acquired by Yimidida. The terms of the transaction were not disclosed.

UC Express Headquarter Location

Shanghai, Shanghai,

China

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Latest UC Express News

UC Express, GLP set up fund to develop logistics infrastructure in Western China

Jun 20, 2017

UC Express, GLP set up fund to develop logistics infrastructure in Western China Image from pixabay. Chalida Ekvitthayavechnukul June 20, 2017: &nbsp Shanghai-based courier services provider UC Express and SGX-listed Global Logistic Properties (GLP)  have teamed up with a unit of Bank of China to raise about RMB2 billion to RMB3 billion ($290 million to $440 million) under a newly-formed logistics fund. Set up in Xi-an, Shaanxi province, the BOC Western Logistic Fund is aimed at serving the national One Belt One Road Initiative and developing the western region into a logistics and agricultural hub, according to a report by China Money Network. UC Express, founded in 2009, currently has more than 80 distribution centres and 4,000 service outlets in China. It secured a RMB300-million ($44 million) Series A last year. Investors included Eastern Bell Venture Capital, Kerry Logistics Network and Tuofeng Investment Management. In line with its rapid growth, it raised RMB2 billion in Series A plus round and bank credit in January this year. Part of the funding will be used to expand its business in Western China and set up its headquarters in a city near Xi-an. Backed by Singapore’s sovereign wealth fund GIC, GLP had launched a $3-billion CLF Fund I focusing on China’s logistics infrastructure development in 2013. Due to strong demand from investors, it formed CLF Fund II with a larger size of $7 billion in 2015. Also read:

  • Where is UC Express's headquarters?

    UC Express's headquarters is located at Shanghai.

  • What is UC Express's latest funding round?

    UC Express's latest funding round is Acquired.

  • How much did UC Express raise?

    UC Express raised a total of $333.47M.

  • Who are the investors of UC Express?

    Investors of UC Express include Yimidida, Global Logistic Properties, China Minsheng Investment Group, Guangzhou Rural Commercial Bank, China Minsheng Banking Corp. and 8 more.

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