Ninja Van raises $578 million in funding round, adds Alibaba as investor

Stock Markets20 minutes ago (Sep 26, 2021 01:35AM ET)

(C) Reuters. A Ninja Van delivery van is pictured at their office in Singapore September 7, 2017. REUTERS/Edgar Su/Files

SINGAPORE (Reuters) – Logistics provider Ninja Van added Alibaba (NYSE:BABA) Group as a new investor as it raised $578 million in a late stage funding round, the Singapore-based firm said on Sunday.

Existing investors to participate in the round included Europe’s GeoPost/DPDgroup, B Capital Group and Monk’s Hill Ventures.

The funds will be allocated towards infrastructure and technology systems that “will support a sustainable long-term cost structure,” Ninja Van, launched in 2014, said in a statement.

Ninja Van raises $578 million in funding round, adds Alibaba as investor

China steps up funding oversight of Evergrande property projects – Caixin
By Reuters – Sep 26, 2021

BEIJING (Reuters) – Several local governments in China have set up special custodian accounts for property projects of its most indebted developer, Evergrande, to protect funds…

Tesla Shanghai to make 300,000 cars Jan-Sept despite chip shortage – sources
By Reuters – Sep 26, 2021

BEIJING (Reuters) – Tesla (NASDAQ:TSLA) Inc’s Shanghai factory is expected to produce 300,000 cars in the first nine months of the year, capped by a delivery rush in the end of…

Airport closed as La Palma volcano eruption intensifies
By Reuters – Sep 26, 2021

By Guillermo Martinez and Jon Nazca LA PALMA (Reuters) – Volcanic explosions spewed red hot lava high into the air on La Palma on Saturday as a new emission vent opened, forcing…

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Our Apps

Terms And Conditions
Privacy Policy
Risk Warning

(C) 2007-2021 Fusion Media Limited. All Rights Reserved

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Related Articles

Investors pour money into British start-ups

British start-ups have raised more than $30 billion so far this...

Subscribe to our stories

Join the exclusive subscription today and get premium articles for free

Same Category

Investors pour money into British start-ups

British start-ups have raised more than $30 billion so...

Tesla’s Musk dials into Volkswagen executive conference

Stock Markets22 minutes ago (Oct 17, 2021 11:31PM ET) 2/2 (C)...

Hong Kong Exchange Fund posts Q3 investment loss of $1.70 billion -HKMA

Forex28 minutes ago (Oct 17, 2021 11:25PM ET) (C) Reuters....