1.7 billion yuan! Cross-border logistics platform Huanshi Logistics receives another round of financing

Recently, the cross-border logistics platform Huanshi Logistics announced the completion of a strategic financing of RMB 1.7 billion . It is understood that this round of financing was led by Cainiao and COSCO Shipping's Yuanhai Fund, and followed by old shareholders Sinovation Ventures and Yunqi Capital . It will be used to continue to build cross-border infrastructure, further expand the global market, and accelerate the integration of industry and technology.

In recent years, with the booming development of cross-border e-commerce, the cross-border logistics industry has also developed accordingly. In 2020, the scale of China's B2C cross-border export e-commerce logistics industry reached 476.4 billion yuan, a year-on-year increase of 104%; the scale of B2B cross-border export e-commerce logistics reached 817.1 billion yuan, a year-on-year increase of 75%.

During this period, many cross-border logistics companies were born, and many companies also received financing. According to the data from the China Internet Network Information Center, in the first half of this year, there were 5 investment and financing events in the field of cross-border e-commerce logistics, namely: Cross-border Good Luck, Speedy, Yunquna, Mogu, and Mango Overseas Warehouse, with a total financing amount of more than 910 million yuan. The financing momentum of cross-border logistics companies in the second half of the year was also good. In addition to Huanshi Logistics , some cross-border logistics companies have also received financing recently. The editor learned that Diyi Logistics has completed a round A financing of hundreds of millions of yuan, Shenzhen Mantianxing has obtained millions of dollars in angel round financing, and Yitu Digital Technology has also completed tens of millions of dollars in angel round financing.

In addition, there are cross-border logistics companies that are striving to go public. Yanwen Logistics, which was established the earliest, signed a listing guidance agreement with CITIC Securities on September 28 and plans to be listed on the Growth Enterprise Market. The prospectus shows that Yanwen Logistics plans to raise 900 million yuan in this IPO, which will be used for intelligent sorting and integrated transportation projects, and the construction of a global cross-border logistics big data platform.

Huachuang analysts believe that cross-border dedicated lines represented by Yanwen will help Chinese brands to expand overseas. Cross-border e-commerce export is in a high-growth stage, and cross-border e-commerce logistics will enjoy a bonus period. Cross-border direct delivery and overseas warehouse models will complement each other. Among cross-border direct delivery, cross-border dedicated line business is expected to achieve sustained high growth due to its high cost-effectiveness.

At present, the cross-border logistics industry has promising prospects, but it should also be noted that the logistics industry itself is affected by factors such as its own product characteristics, business model, and market development, and is also closely related to factors such as the external market environment and industry competition. There is a certain degree of uncertainty in the performance of related companies.

Cross-border

logistics