Fuyoukache.Com Freight Platform Loads Up With USD23 Million in C+ Round
Tang Shihua
DATE:  Jan 02 2018
/ SOURCE:  Yicai
Fuyoukache.Com Freight Platform Loads Up With USD23 Million in C+ Round Fuyoukache.Com Freight Platform Loads Up With USD23 Million in C+ Round

(Yicai Global) Jan. 2 -- Intercity freight services platform Fuyoukache.com has received CNY150 million (USD23 million) in C+ Round financing, which it will invest in internet, Big Data and artificial intelligence to help transform vehicle logistics, it announced today, internet media 36 Kr reported.

The lead investor was JD Logistics owned by e-commerce colossus JD.Com Inc. [NASDAQ:JD], followed by Legend Capital, Eastern Bell VC and Global Logistics Properties.

After completing this round, Fuyoukache.com will draw supplies from JD Logistics as it hopes to promote more efficient vehicle logistics by matching supplies and transport resources with technology.

Fuyoukache.com received CNY250 million in C-Round financing, led by Legend Capital, in March, with the total amount from that cycle thus far amounting to CNY400 million.

Fuyoukache is an internet technology company active in intercity vehicle logistics. The platform provides truck drivers and owners of goods with information services, including transport needs and vehicle locations. It also cooperates with insurance carriers in developing targeted underwriting products.

Since the freight trade requires a high degree of credit, Fuyoukache.com cooperates with traditional intermediaries in the transport sector where drivers can only obtain orders from brokers, causing the cost of credit guarantees to drop and allowing drivers to make full use of brokers' accumulated client resources.

Relying on its historical Big Data, Fuyoukache.com has realized machine quotes in its vehicle logistics business, thereby attaining accuracy of 90% of actual market prices.

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Keywords:   FINANCING,Truck-Sharing,LOGISTICS,Big Data,JD.com,Fuyoukache.com