Logistics App Yunmanman Secures USD 120 Mln Series D3

Ebrun, 11/17/17

Nanjing-based Manyun Software Technology, operator of mobile logistics app Yunmanman (Ymm), recently completed USD 120 mln in Series D3 funding led by Tiger Global, and is currently putting together Series E financing.

Ymm currently has more than 4 mln driver users, 1 mln daily active shippers, and 6 mln daily pieces of updated freight source information. The logistics app covers 315 cities across China.

Ymm's 2017 shipping fee transaction volume will exceed RMB 700 bln, and the 2018 figure may reach RMB 1 trln, revealed Ymm president Miao Tianye.

Editor's Note: For more information on this topic, please see Logistics App 'Yunmanman' Secures USD 110 Mln Series D1, MD 12/12/16 issue.

Keywords: VC funding wireless Tiger Global logistics transaction volume Yunmanman Manyun Software Miao Tianye truck hire app

Feedback

Sending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily