Zhihong Logistics
Specialized trucking logistics and fleet management services.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | CNY200m | Series B | |
| Total Funding | 000k | ||
Zhihong Logistics, founded in 2003 by Liu Zhiyuan, is a logistics transportation services provider based in Guangzhou, China. Initially focused on dedicated line transport, particularly between Guangdong and the southwestern regions of Sichuan and Chongqing, the company evolved its business model to specialize in large-scale fleet management and transportation services. Liu Zhiyuan, who has been in the logistics industry for over two decades, established the company after his previous state-owned employer's Guangzhou office closed. His journey involved significant learning experiences, including overcoming management challenges during an early expansion phase.
The company serves prominent clients in the e-commerce, express, and freight sectors, including SF Express, JD.com, and Vipshop. It provides a range of offerings such as full truckload transportation, drop-and-pull transport, vehicle procurement, trailer rentals, and comprehensive vehicle management services. Zhihong Logistics has distinguished itself through a focus on operational efficiency, utilizing a modern fleet that includes Volvo trucks and implementing advanced, independently developed information systems like ERP and fleet management platforms since 2010. This technological adoption enabled achievements like the "Third Day Delivery" high-end transport product.
After securing nearly 100 million RMB in a Series A funding round in 2015, followed by subsequent B and B+ rounds, the company demonstrated significant growth. In May 2018, Zhihong Logistics was acquired by Manbang Group, a major player in China's freight logistics platform industry. Before its acquisition, the company had already begun expanding into vehicle after-market services, aiming for a business model where these services would constitute a majority of its operations.
Keywords: trucking logistics, fleet management, full truckload, dedicated line transport, logistics technology, freight transportation, China logistics, vehicle management services, drop and pull transport, logistics solutions, transportation services, warehouse and distribution, supply chain management, road freight, freight brokerage, ecommerce logistics, express delivery transport, asset-based carrier, logistics ERP, vehicle after-market services