Chinese express locker operator Hive Box bags $400m from Trustbridge, others

HIVE BOX

Hive Box Holding Limited, the holding company of the Chinese delivery services and logistics giant SF Express, has secured $400 million from investors to deepen its market presence in the country, according to a company filing with the Shenzhen Stock Exchange on Friday.

Hive Box has inked an agreement with existing shareholders and six new investors — Trustbridge Partners, Asia Forge (Cayman), SCC Growth VI 2020 F, Redview Capital Investment VII Limited, All-Stars PEIISP VI Limited, and All-Stars PESP X Limited — for the $400 million funding — an equivalent of 484 million common shares.

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