May 2026
đź“Ł VC round data is live. Check it out!
Largest SupplyChainTech Public Companies in China
Benchmark revenue and EBITDA valuation multiples for public comps like
JD Logistics, Zhuzhou CRRC Times, Full Truck Alliance, HopeRun and Wuchan Zhongda Group Co.
 | JD Logistics, owned by leading China e-commerce company JD.com, is a technology-driven supply chain solutions and logistics services provider in China. It offers a full spectrum of supply chain solutions and logistics services, ranging from warehousing to distribution, spanning manufacturing to end customers, covering regular and specialized items. JDL services include formulating and executing supply chain strategies. Customers come from a wide array of industries, such as fast-moving consumer goods; apparel; home appliances; home furniture; computers, consumer electronics, and communications; automotive; and fresh produce, among others. | $2 | +11% | $11B | $10B | 0.3x | 3.2x | ||
| Zhuzhou CRRC Times Electric Co Ltd is in the R&D, design, manufacturing, and sales of rail transit equipment products and the provision of related services, and has an industrial structure of components, systems, and complete machines. Its products mainly include rail transit electrical equipment, railway engineering machinery, communication signal systems, and others. Meanwhile, the Company actively expands to industries other than rail transit, and conducts business in the fields of power semiconductor devices, industrial converter products, electric drive systems for new energy vehicles, sensor devices, and marine equipment, The Company operates in the domestic market and overseas markets. | $8 | +33% | $10B | $10B | 2.5x | 12.0x | ||
| Full Truck Alliance Co Ltd, through its subsidiaries, provides comprehensive services for shippers and truckers through its mobile and website platforms. Its principal operations are in the People's Republic of China. The group derives its revenues principally from shippers and trucker's use of its platforms in connection with freight matching services and value-added services. | $8 | -28% | $9B | $6B | 3.2x | 9.2x | ||
| Jiangsu Hoperun Software Co Ltd provides software outsourcing services for professional fields. Its main products include supply chain management software, intelligent terminal embedded software, and smart grid IT software outsourcing services. | $7 | -11% | $5B | $5B | 9.0x | 125.8x | ||
| Wuchan Zhongda Group Co Ltd is engaged in industrial investment, equity investment, asset management, investment management, management consulting, information consulting services. It is also engaged in car sales and leasing, e-commerce technology services, used car transactions and services. | $1 | -- | $4B | $8B | 0.1x | 5.3x | ||
| Xiamen Xiangyu Co Ltd provides supply chain and circulation services in the People's Republic of China. It supplies plastic chemicals, agricultural products, metallic ores, forest products, and mechanical and electrical products. The company also offers various integrated logistics services comprising the international purchase and distribution, international multimodal transport, domestic door-to-door logistics and financial logistics. | $1 | -- | $3B | $3B | 0.1x | 4.5x | ||
| Transfar Zhilian Co Ltd is engaged in the production and sale of specialty chemicals used in textile printing and dyeing, leather, building materials and water treatment. | $1 | -- | $2B | $4B | 1.0x | 14.3x | ||
| China TransInfo Technology Co Ltd operates as an intelligent transportation operator and traffic data service provider. The company offers its solutions for the urban transportation, highway transportation, rail transportation, civil aviation, water transportation, and other fields. | $1 | -8% | $2B | $1B | 1.2x | 14.3x | ||
| GuoChuang Software Co Ltd provides data intelligence products and services. It mainly operates three business segments: digital applications, digital products, and digital operations. The Digital applications segment provides data intelligence industry software products and IT solutions and services to customers in industries such as operators, energy, transportation, government, and enterprises. The Digital products segment is engaged in developing and applying Battery Management Systems, energy storage BEMS, smart energy storage systems, assisted driving and autonomous driving domain controllers, and other integrated hardware and software data intelligent products; and the Digital operations segment builds and operates a smart logistics cloud platform. | $6 | +66% | $2B | $2B | 8.3x | (112.0x) | ||
| JSTI Group is a global engineering consulting firm. The company's services include planning consultation, survey and design, test and inspection, project and construction management and urban management optimization, engineering and architecture, risk management of natural disasters, design, supervision, and maintenance of hydraulic infrastructures. The company offers its services for highway, rail, maritime, aviation, water, environment, architecture, industry, and government fields, as well as smart cities. | $1 | -- | $1B | $1B | 1.8x | 26.0x | ||
| New Trend International Logis-tech Co Ltd provides logistics system integration services. It provides warehousing, distribution and logistics automation systems and services. It offers logistics software, including warehouse control system, warehouse management system, data acquisition, and monitoring system, logistics management integration platform, transportation management system, and picking management system. It provides production planning, design, system integration, software development, equipment customization; and after-sales service, and a series of services. Its automatic logistics systems are mainly used in tobacco, cold chain, new energy vehicles, medicine, machinery manufacturing, airports, retail chains, e-commerce and food and beverage industries. | $1 | -37% | $714M | $605M | 1.7x | 14.5x | ||
| KSEC Intelligent Technology Co Ltd is engaged in the planning, research and development, design, production, implementation, operation, and maintenance of intelligent logistics and intelligent production lines. | $2 | -13% | $562M | $474M | 1.6x | (56.2x) | ||
| Huitongda Network Co Ltd is engaged in the sales of a comprehensive suite of merchandise in the PRC and the provision of intelligent business and marketing subscription services, offering merchant solutions and rendering other various related services. Its business lines are the Commerce business, which mainly includes direct sales and provision of marketplace service that enables merchants to sell their products to transacting users through the online platform, and the service business segment, which mainly represents the provision of intelligent business and marketing SaaS+ subscription service and a collection of merchant solutions. It generates a majority of its revenue from the Commerce business. | $1 | -62% | $482M | ($399M) | (0.1x) | (3.1x) | ||
| Logory Logistics Technology Co Ltd is a full-link digital freight service provider in China. The company provides a series of digital freight services and solutions for all participants in the freight industry such as logistics companies and cargo owners, as well as truckers in both inter-city and intra-city road freight transportation. | $0 | -54% | $89M | $46M | 0.1x | 4.0x | ||
| Median | $1 | -12% | $2B | $2B | 1.4x | 7.3x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Recent Insights
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.