Innovate big or go home: logistics unicorn YH Global eyes “Belt and Road” gold

China

4 min read

May 24, 2018

By Hao Ning and Wang Xiao'e

©YHGlobal

The world’s first logistics firm to become a unicorn at Series A is a model of innovation in China. More overseas growth is next

It counts Amazon, Alibaba and JD.com, the world’s biggest e-commerce players, as among its customers. But little was known about YH Global, the supply management firm chosen by the online giants to support their logistics operations in China – which are critical to ensuring the fastest, cheapest shipping and delivery for all that online shopping.
Then in September 2017, YH Global became the first logistics company in the world to reach unicorn status with just a Series A round of financing. It raised RMB 1.2 billion (about US$188.3 million) at a valuation of over US$1 billion,...

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Edited by Wendy Lovinger

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