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36Kr/KrASIA

Chinese logistics Lalamove valued at $10bn after fresh funding

Round shows investors warming to domestic inland shippers

Demand for shipping is skyrocketing in China among both individuals and corporations.   © Reuters
SONG JINGLI, KrASIA | China

BEIJING -- Chinese logistics company Lalamove has raised $1.3 billion in two transactions during a series F round led by earlier investor Hillhouse Capital.

The company is expected to rake in another $200 million in another deal, 36Kr has reported.

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