- Companies
- KUAYUE-EXPRESS
KUAYUE-EXPRESS Acquisition, Valuation, Funding & Investors
KUAYUE-EXPRESS was acquired by JD Logistics for $680M in August 2020.
Cumulative funding KUAYUE-EXPRESS raised
$2M
across 2 funding rounds
Key investors in KUAYUE-EXPRESS
HSG
Eastern Bell Capital
Tianyi Ziteng
Ningbo Puhui Qiye Guanli
About KUAYUE-EXPRESS
KUAYUE-EXPRESS is a Chinese logistics provider specializing in time-definite express delivery. Services cover same-day intra-city, next-day regional, land freight, and temperature-controlled fresh food transport. The network spans 300-plus cities with 5,000 vehicles.
Founded
2007
HQ
Website
Status
Acquired
Customer focus
B2B & B2C
Revenue model
Services
Valuation
$680M (acquired Aug 2020)
KUAYUE-EXPRESS Acquisition
KUAYUE-EXPRESS was acquired by JD Logistics for $680M on 13 August 2020.
Before the acquisition KUAYUE-EXPRESS had raised $2M across 2 funding rounds.
Kuayue Express is a Shenzhen-based Chinese logistics and express delivery company founded in 2007, specializing in limited-time and same-day/next-day delivery services. The company operates 50,000 employees, 13 chartered cargo planes, and 17,000 trucks, handling more than 300,000 orders daily across 500 cities in China, serving primarily corporate and B2B clients rather than consumers. In August 2020, JD Logistics acquired an initial controlling stake of approximately 63.57% in Kuayue Express for RMB 3 billion (USD 432 million) as part of JD.com's broader strategy to integrate and scale its end-to-end supply chain management capabilities. This acquisition allowed JD Logistics to enhance its limited-time express service offerings and advance its technology initiatives and third-party merchant expansion. The transaction reflected a significant valuation contraction from Kuayue's prior unicorn status of RMB 20 billion (USD 2.9 billion) in 2019, driven by the company's cash flow constraints. Subsequently, in December 2024, JD Logistics announced plans to acquire the remaining 36.43% equity stake for up to RMB 6.484 billion to achieve full ownership of Kuayue Express, consolidating complete control over the logistics platform.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 13 Aug 2020 | Strategic M&A | $680M |
KUAYUE-EXPRESS Funding History
KUAYUE-EXPRESS has raised a total of $2M across 2 funding rounds.
KUAYUE-EXPRESS's first fundraising round was a $400K angel round in October 2018. The most recent completed round was a $2M Series A in May 2019.
KUAYUE-EXPRESS funding rounds
| Date | Stage | Investors | Raised |
|---|---|---|---|
| May 2019 | Series A | Tianyi Ziteng | $2M |
| Oct 2018 | Angel | HSG; Ningbo Puhui Qiye Guanli; Eastern Bell Capital | $400K |
Who has invested in KUAYUE-EXPRESS?
4 investors have backed KUAYUE-EXPRESS across its funding rounds, including HSG, Eastern Bell Capital, Tianyi Ziteng and Ningbo Puhui Qiye Guanli.
KUAYUE-EXPRESS Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Oct 2018 | ||
| 1 | Participant | Oct 2018 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialKUAYUE-EXPRESS Competitors
KUAYUE-EXPRESS competitors include listed companies like Covenant Logistics, Heartland Express, Universal Logistics Holdings and Hangzhou SF Intra-City, and private ones like Sicepat Express and Tristar Transport.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $744M | - | ||
| Publicly listed | $1.2B | $110M | $863M | 0.9x | ||
| Publicly listed | $806M | $102M | $922M | 1.3x | ||
| Private | - | $100M | $500M | - | ||
| Publicly listed | $1.6B | $84M | $476M | 0.8x | ||
| Publicly listed | $3.4B | $54M | $991M | 0.2x |
KUAYUE-EXPRESS Public Comps
KUAYUE-EXPRESS is no longer listed, but its public comps include Aramex, Posti Group, Gür-Sel Turizm, Kelsian Group, Saudi Automotive Services, Singapore Post, Aquila Romania, Forward Air, Speedy and PostNL.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.7B | $148M | 0.6x | 0.6x | 7.3x | 6.1x | |||
| $1.7B | $208M | 0.7x | 0.7x | 5.8x | 5.3x | |||
| $171M | $54M | 3.2x | - | 10.3x | - | |||
| $1.6B | $197M | 0.9x | 0.8x | 7.1x | 6.2x | |||
| $3.1B | $186M | 0.7x | 0.6x | 11.1x | 12.4x | |||
| $295M | $79M | 1.9x | 1.8x | 7.0x | - | |||
| $643M | $40M | 1.0x | 0.8x | 16.1x | 16.2x | |||
| $2.5B | $186M | 1.0x | 1.0x | 13.3x | 7.8x | |||
This data is available for Pro users. Sign up to see all KUAYUE-EXPRESS competitors and their valuation data. Start Free Trial | ||||||||
Common questions about KUAYUE-EXPRESS
| When was KUAYUE-EXPRESS founded? | KUAYUE-EXPRESS was founded in 2007. |
| Where is KUAYUE-EXPRESS headquartered? | KUAYUE-EXPRESS is headquartered in Shenzhen, China. |
| Is KUAYUE-EXPRESS publicly listed? | No, KUAYUE-EXPRESS was acquired by JD Logistics in August 2020. |
| Who acquired KUAYUE-EXPRESS? | KUAYUE-EXPRESS was acquired by JD Logistics in August 2020. |
| How much was KUAYUE-EXPRESS acquired for? | KUAYUE-EXPRESS was acquired for $680M in August 2020. |
| How much funding has KUAYUE-EXPRESS raised? | KUAYUE-EXPRESS has raised $2M across 2 funding rounds. |
| What was KUAYUE-EXPRESS's last funding round? | KUAYUE-EXPRESS's last funding round was a $2M Series A in May 2019. |
| Who are KUAYUE-EXPRESS's investors? | KUAYUE-EXPRESS's investors include HSG, Ningbo Puhui Qiye Guanli, Eastern Bell Capital and Tianyi Ziteng. |
| Which companies are comparable to KUAYUE-EXPRESS? | Companies comparable to KUAYUE-EXPRESS include Sicepat Express, Covenant Logistics, Heartland Express, Tristar Transport, Universal Logistics Holdings and Hangzhou SF Intra-City. |
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