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After swallowing Best Express, the foreign company was courted by Tencent

via:快科技     time:2021/11/25 6:04:33     readed:55

Ahead of the IPO, which it plans to list in Hong Kong as soon as the first quarter of next year,Polar Rabbit Express has raised its latest round of funding, raising $2.5 billion and valuing the company at about $20 billion.

In the latest round of financing, The company's main backers, Boyu Capital, Hillhouse Capital and Sequoia Capital China, and others, said two people familiar with the matterTencent Holdings invested

Polar Rabbit is understood to have hired Bank of America, China International Capital and Morgan Stanley to handle its planned $1bn IPO.

极兔速递IPO前再融资25亿美元 腾讯参投

Best Group and Polar Rabbit Express jointly announced their strategic cooperation intention on Oct. 29, with Best Group agreeing to transfer its domestic express business to Polar Rabbit for about 6.8 billion yuan.

Polar Rabbit Express is an Indonesian express company, headquartered in Jakarta, is a technology innovation Internet express logistics enterprise, by entrepreneurs Jett & Middot; Jet Lee and Tony & Middot; It was founded by Tony Chen in 2015.

According to the company's website, Polar Rabbit Express has expanded to countries including Malaysia, Vietnam, Indonesia, Thailand, Singapore, Cambodia and China. The company currently employs more than 350,000 people.

极兔速递IPO前再融资25亿美元 腾讯参投

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