For Immediate Release
GOGOX completes funding co-led by BOCOM International and CMF, accelerating the innovation of intra-city logistics across Asia
(13 July 2021 – Hong Kong) GOGOX, Asia’s leading technology-driven logistics platform, announces the closing of approximately US$100 million funding co-led by BOCOM International (3329.HK) (BOCOM International) and Cyberport Macro Fund (CMF). GOGOX has amassed a strong portfolio of strategic investors and funds, including 58.com, Alibaba, Cainiao, China InnoVision and Qianhai Equity Investment Fund. This new round of funding will enable GOGOX to strategically invest resources among various markets, deepen its businesses and influence, advance its service and product innovation, continue to improve user experience, and drive intra-city logistics forward.
As the pioneer of technology-driven logistics platform, GOGOX disrupts and redefines the value and efficiency of logistics. Since the merger with 58 Suyun in 2017, GOGOX continues to provide diversified logistics services and value-added features to platform users and enterprises in more than 340 cities across Asia, fostering the development of intra-city logistics. GOGOX will continue to invest in its platform service and enterprise solutions.
GOGOX, Chief Financial Officer, Mr. Vincent Hu said, “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.”
GOGOX Co-founder and CEO, Mr. Steven Lam said, “We are thrilled with this investment co-led by BOCOM International and CMF, which demonstrates their trust and recognition of the potential of GOGOX and the intra-city logistics industry. During the COVID-19 pandemic, we have capitalised on the booming development of e-commerce and achieved phenomenal growth. This new funding will entrench our intra-city logistics footprint, assist our efforts to innovate our products and services, equip ourselves to thrive under the new normal, and build a better and stronger GOGOX.”
About GOGOX
Established in 2013, GOGOX is one of the first mobile app-based logistics platforms in Asia committed to providing extensive logistics services through innovative technology. Formerly known as GOGOVan, the company has a competitive and diverse business portfolio, from van-hailing and instant delivery to customised logistics solutions. GOGOX instantly connects individuals and businesses with millions of logistics partners to fulfill all sorts of delivery needs, redefining the delivery experience by providing speedy, agile and convenient logistics services.
Over the years, GOGOX has expanded its businesses from Hong Kong to Singapore, mainland China, South Korea, India and Vietnam. Following a merger with 58 Suyun in August 2017, GOGOX has increased its presence to over 340 cities, with 4.5 million registered drivers under its network.
Learn more about GOGOX: http://www.gogox.com/hk/