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Ninja Van Raises $578m in Funding, Adds Alibaba as Investor

Logistics provider adds Chinese e-commerce giant as a new backer as it raises $578 million in a late funding round.

A Ninja Van delivery vehicle is seen at the company's office in Singapore, Sept 2017. Photo: Edgar Su, Reuters.

 

Logistics provider Ninja Van added Alibaba Group as a new investor as it raised $578 million in a late stage funding round, the Singapore-based firm said on Sunday.

Existing investors to participate in the round included Europe’s GeoPost/DPDgroup, B Capital Group and Monk’s Hill Ventures.

The funds will be allocated towards infrastructure and technology systems that “will support a sustainable long-term cost structure,” Ninja Van, launched in 2014, said in a statement.

 

• Reuters with additional editing by Jim Pollard

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.

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