Large Size LTL Service Provider Jumeng Raised Hundreds of Millions of Yuan in a Series A Round

Funding Led by IDG Capital and Followed by Large Size LTL Service Provider Jumeng Raised Hundreds of Millions of Yuan in a Series A Round Funding Led by IDG Capital and followed by Sanxia Xintai Capital. The investment will be used to upgrade and iterate IT system, and expand logistic parks.

Established in 2017, Jumeng has logistic parks in key cities. It pools together leading point-to-point logistic companies to form its large size LTL network through franchising. It integrates similar lines of franchising companies. Also it imports orders and provides unified brand and information management system so that it provides clients (mainly third party logistics companies) with point-to-point delivery service.