Urban Mobility
China-based logistics company ZTO Express, backed by Sequoia Capital and Warburg Pincus, has filed for a U.S. initial public offering on the New York Stock Exchange, seeking to raise between US$1.5 billion. ZTO Express would be the first Chinese courier service provider to list in the U.S. Founded in 2002, ZTO Express handled 2.95 billion parcels in 2015 which translates to 14.3%
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Private-equity firm investing $255 million in technology-enabled BlueGrace Logistics providing online services for freight shippers, in what has been called “Uber for Trucking” Private-equity firm Warburg Pincus has invested $255 million in BlueGrace Logistics, a Tampa-based firm that provides freight services for shippers via an online software platform, the companies said Tuesday. The investment is one of the largest in
Read moreBig-name investors KKR & Co. and Warburg Pincus LLC are taking the “Uber bet” to a new extreme as they consider an investment in an Indonesian motorcycle-hailing app that would value the startup at more than $1 billion. The private-equity firms are in discussions to participate in a fundraising round for PT Go-Jek that could raise around $400 million and
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