<article><a style="color: #000080;" href="http://www.dealstreetasia.com/?s=SIG+Asia" target="_blank">SIG Asia Investment</a>, and <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=YI+Capital" target="_blank">YI Capital</a> have led a $50 million series C funding round in <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Shansong+Express" target="_blank">Shansong Express</a>, an inner-city logistics startup in Beijing.
YI Capital is a Beijing-based technology-focused venture capital firm. Prometheus Capital also participated in the round, the China Money Network reported.</article>

<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=SIG+Asia" target="_blank">SIG Asia Investment</a>, and <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=YI+Capital" target="_blank">YI Capital</a> have led a $50 million series C funding round in <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Shansong+Express" target="_blank">Shansong Express</a>, an inner-city logistics startup in Beijing.
YI Capital is a Beijing-based technology-focused venture capital firm. Prometheus Capital also participated in the round, the China Money Network reported.
Shansong Express offers short-distance, inner-city deliveries, and guarantees a one-hour or less delivery time within five-kilometer range. It now covers 31 cities in China with an average of around 100,000 daily deliveries, and has over 12 million users and 184,000 couriers.
The startup plans to use the latest capital on research and development to improve products as well as expand its market share.
Founded in 2014, Shansong secured an undisclosed series A round funding from CDH Investments, series B round led by JD Capital, and series B+ round from Tiantu Capital.
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SIG Asia, YI Capital lead $50m round in China's Shansong Express

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