Ane Logistics nets US$300 million investment led by CPE

In February 2021, Ane Logistics received an investment of approximately US$300 million. This investment was led by CPE (CITIC Private Equity Funds Management), with participation from Greater Bay Area Homeland Investments, NWS Holdings (0659.HK), Creo Capital, and Huagai Capital.

Wang Yongjun, chairman of Ane Logistics, said that the express service network is the infrastructure of the new economy in the manufacturing and the circulation field, and an important pillar of the C2M manufacturing and “flat supply chain” in China’s industrial internet business.

He said that Aneng will use this investment to continue to focus on improving the digitalization capabilities of operations and lead the integration of China’s express industry.

In 2020, Aneng has exceeded the daily average volume of 50,000 tons and will continue to maintain rapid growth and strong profits under the epidemic, said Qin Xinghua, Ane Logistics CEO and President.

As a leader in the logistics industry, since its establishment, Ane Logistics has continuously increased infrastructure investment by integrating the less-than-carload (LTL) freight market and building a platform for freight partners.

As of February 2021, Ane’s average daily peak shipment volume has exceeded 50,000 tons, with more than 26,000 platform freight partners and agents, and 96% coverage of China’s townships.

The financing into Ane Logistics once again demonstrates the capital market’s strong confidence in the development of the leading LTL market and express network.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2021/02/22/ane-logistics-nets-us300-million-investment-led-by-cpe/.

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