SF Tongcheng Asset Profile

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Location

Hangzhou China

Primary Industry

Logistics & Distribution

About

Established in 2019 and based in Hangzhou, China, SF Tongcheng is a third-party direct-operated real-time logistics service provider under the SF Group. In 2019, it raised series A funding from Trustbridge Partners, Xiamen Borun Capital Investment Management, New Hope Group, Legend Capital, CITIC Capital and SAIF Partners. The company also raised series B funding from Goldman Sachs Broad Street (Beijing) Equity Investment Management, Xiamen Borun Capital Investment Management, Trustbridge Partners, CITIC Capital, SAIF Partners, New Hope Group, BAI Fund, TB Bullet Fast Holdings(HK) Limited, Idea Flow Limited, Green Juice?(Hong Kong) Limited, Duckling Fund, Nation Sky Investments Limited in 2020. The company provides real-time logistics services for all industries and categories of enterprises based on third-party instant delivery service platform. It also empowers customers with new retail through technical inputs such as new retail store distribution and SaaS and promotes the accelerated development of the new retail industry. The company’s revenue is generated by providing real-time logistics services to customers. In 2020, the company generated operating income of RMB 4.84 billion, of which net loss was RMB 780 billion.

Current Investors

Legend Capital, CITIC Capital, SAIF Partners

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Primary Industry

Logistics & Distribution

Sub Industries

Logistics & Distribution

Verticals

Cloud Computing

Company Stage

Series B

Total Amount Raised

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