Alibaba invests in GoGoVan
GoGoVan announced today (6 May) that its latest funding round included participation from Alibaba’s Hong Kong Entrepreneurs Fund, as well as Singapore Press Holdings, Hotung Investment Holdings and some of its existing investors. Founded in July 2013, GoGoVan has expanded to 13 cities across Hong Kong, Singapore, Taiwan, China, South Korea and India.
The company claims to have a network of 150,000 drivers, through which it has processed over 20m orders with an aggregate transaction value in excess of US$200m.
In a statement issued today, GoGoVan said it will “use the funding to further develop business-centric products and advancing engineering capabilities”.
One of these products is GoGoEnterprise, which the company describes as “an intelligent delivery management platform that empowers businesses to provide both scheduled and on-demand delivery”. The platform’s features include Order Management, Route Optimisation, Real-Time Tracking, and Instant Delivery Confirmation.
“With this funding, we plan to further improve our product offerings to service diversified business logistics needs, from individual online retailers to multi-nationals who are demanding logistics solutions,” added Steven Lam, CEO of GoGoVan.
“Our mission is to optimise logistics cost by providing innovative and cutting edge technology; by deploying big data logistics analytics to all aspects of the delivery value chain. We want to create a new business model – LaaS (Logistics As A Service) for the logistics industry.”
