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Bikes-to-Buffaloes Delivery Firm Ninja Van Mulls IPO: FT

(AF) E-commerce delivery company Ninja Van is considering an IPO as Southeast Asia’s 400 million internet users boost its business to 1.7 million parcel drop-offs per day, the Financial Times reported.

The company, which uses any form of transport available to reach its customers scattered across the region – including boats and even water buffaloes – has been valued at more than $1 billion after a $279 million fundraise last year, the report stated, citing sources. Co-founder Chang Wen Lai was quoted as saying Ninja Van was “a year away” from a listing. Full story: Financial Times 


Mark McCord

Mark McCord is a financial journalist with more than three decades experience writing and editing at global news wires including Bloomberg and AFP, as well as daily newspapers in Hong Kong, Sydney and Melbourne. He has covered some of the biggest breaking news events in recent years including the Enron scandal, the New York terrorist attacks and the Iraq War. He is based in the UK. You can tweet to Mark at @MarkMcC64371550.


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