Announced
Financials
Sources
Tags
Transportation Services
Venture Capital
Domestic
Acquisition
Hong Kong
logistics platform
Minority
Single Bidder
Private Equity
Friendly
Completed
Private
Synopsis
BOCOM International, a subsidiary of Bank of Communications, and Cyberport Macro Fund, an investment fund, led a $100m investment round in GOGOX, a Hong Kong logistics platform. “Intra-city logistics has entered a new era of user data protection and sustainable ecosystem development. The new funding will not only empower GOGOX’s stable and rapid business expansion as a leader in safety, user satisfaction and compliance, but also keep us on track to produce exceptional results through our outstanding capital efficiency,” Vincent Hu, GOGOX CFO.
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