Investments
1Portfolio Exits
1Latest Zhejiang Chengxiang Investments News
Feb 26, 2016
Hangzhou-based courier service firm Tian Tian Express has raised a RMB600 million (US$92 million) series A funding round led by CICC Qianhai Development Fund, according to China's official Xinhua News Agency. Other investors include Haier Venture Capital, Qingdao Haier's corporate venture arm, and Zhejiang Chengxiang Investments. The company says it will use the proceeds on expanding its service center networks, system upgrading and product improvement. Founded in 1994, Tian Tian Express sold a 60% stake to Chinese conglomerate HNA Group for RMB80 million in 2010. In 2012, former STO Express president bought the 60% interest from HNA Group for RMB160 million. Two years later, Tian Tian Express and STO Express initiated a cross-shareholding plan, says an article published by Tencent. STO Express is in the process of a back-door listing on the A-share market. Tian Tian Express' services currently covers over 300 cities and 2,800 rural counties in China, according to its website. [Please send your news, tips, and feedback to edit@chinamoneynetwork.com]
Zhejiang Chengxiang Investments Investments
1 Investments
Zhejiang Chengxiang Investments has made 1 investments. Their latest investment was in Tian Tian Express as part of their Series A on February 2, 2016.
Zhejiang Chengxiang Investments Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
2/26/2016 | Series A | Tian Tian Express | $92M | Yes | 1 |
Date | 2/26/2016 |
|---|---|
Round | Series A |
Company | Tian Tian Express |
Amount | $92M |
New? | Yes |
Co-Investors | |
Sources | 1 |
Zhejiang Chengxiang Investments Portfolio Exits
1 Portfolio Exit
Zhejiang Chengxiang Investments has 1 portfolio exit. Their latest portfolio exit was Tian Tian Express on January 03, 2017.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
1/3/2017 | Acquired | 2 |
Date | 1/3/2017 |
|---|---|
Exit | Acquired |
Companies | |
Valuation | |
Acquirer | |
Sources | 2 |