PE firm Crescendo Equity leads $50m round in logistics provider Qxpress: Report

Employees handle packages at a Qoo10 warehouse in Singapore. Photographer: Bryan van der Beek/Bloomberg

Crescendo Equity Partners, a South Korea-focused private equity firm backed by Paypal co-founder Peter Thiel, has led a $50-million funding round in Qxpress, the global logistics service subsidiary of e-commerce platform Qoo10.

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