About Logistics Tech sector in China
The Logistics Tech sector in China comprises 888 companies, including 377 funded companies having collectively raised $29B in venture capital money and private equity. Out of these, 174 are Series A+ funded, and 15 have achieved unicorn status.
Logistics Tech sector in China has seen 15 acquisitions and 19 IPOs.
This sector includes tech companies providing or facilitating movement or storage of goods or offering software solutions for managing logistics operations.
Logistics Tech sector is also known as LogTech.
Tech-first companies in logistics providing or enabling, matching of load and movement or storage of goods (local delivery services, marketplaces). It also includes companies offering technology solutions to businesses for optimizing and managing overall logistics activities. (Delivery Management software, TMS, WMS, Analytics, etc). Traditional players like UPS, FedEx, DHL, etc which were predominantly offline but now have incorporated technology in their business and other offline players are excluded.
Top Logistics Tech Companies in China
There are 888 Logistics Tech startups in China which include DJI, Lalamove, Cainiao, AfterShip, Geekplus. Out of these, 377 startups are funded, with 174 having secured Series A+ funding, and 15 achieving unicorn status.
Over the past 10 years, an average of 36 new companies have been launched annually. Notably, several of these startups have been founded by alumni of Hong Kong University of Science and Technology (HKUST), Carnegie Mellon University and Tsinghua University.
Here is the list of top Logistics Tech startups in China
1. DJI
Developer of multi-utility drones. Its product portfolio includes cinematic drones, foldable drones, aerial imaging drones, educational robots, and camera stabilizers. It caters to agriculture, filmmaking and cinematography, safety and surveillance monitoring, and other industrial sectors.
Key facts about DJI
2. Lalamove
Tech company providing on demand delivery solutions. It provides same-day delivery and courier services, allowing users to send a variety of products such as documents, food and beverage items, flowers, gadgets, and furniture. Users may track packages in real time. It is an on-demand delivery platform that provides van and vehicle rental.
Key facts about Lalamove
- Founded Year: 2013
- Location: Kowloon (China)
- Stage: Series F
- Total Funding till date: $2.28B
- Investors: Hillhouse, Mindworks Capital and 21 Others
- Latest Funding Round: Series F, Dec 16, 2021, $*****
- Tracxn Score: 74/100 What is this?
3. Cainiao
Tech-enabled end-to-end delivery service provider. The company has multiple warehouses and express delivery stations, which provide same-day and next-day delivery services across cities. Other than e-commerce deliveries, it also provides grocery delivery services.
Key facts about Cainiao
- Founded Year: 2013
- Location: Hangzhou (China)
- Stage: Acquired
- Total Funding till date: $290M
- Investors: Princeville Capital, Princeville Global and 6 Others
- Latest Funding Round: PE, Jul 11, 2018, $*****
- Tracxn Score: 73/100 What is this?
- Competitors Rank: 2 of 41 Competitors
4. AfterShip
Aftership is a platform offering web-based tracking solutions for eCommerce businesses. The platform offers a suite of automation tools to help businesses with sales, marketing, order management, and shipment tracking. It monitors the current order status with a smart dashboard with filters like shipments by dates, statuses, couriers, and destination. The platform provides apps and extensions for Shopify, Bigcommerce, eBay, and Magento. The company offers solutions on the subscription-based policy.
Key facts about AfterShip
- Founded Year: 2011
- Location: Hong Kong (China)
- Stage: Series B
- Total Funding till date: $67M
- Investors: Tiger Global Management, Business Switch and 3 Others
- Latest Funding Round: Series B, Apr 22, 2021, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 1 of 560 Competitors
5. Geekplus
Provider of robotics solutions for warehouse and logistics automation industries. The company offers a range of robots designed for shelf-to-person, tote-to-person, and pallet-to-person picking. It also provides robots for moving and sorting applications within warehouse environments. The company’s solutions cater to industries including grocery, apparel, e-commerce, retail, pharmaceutical, manufacturing, and automotive.
Key facts about Geekplus
- Founded Year: 2015
- Location: Beijing (China)
- Stage: Public
- Total Funding till date: $532M
- Investors: Warburg Pincus, GGV Capital and 16 Others
- Latest Funding Round: Series E, Aug 08, 2022, $*****
- Tracxn Score: 66/100 What is this?
- Competitors Rank: 7 of 898 Competitors
Companies founded year-on-year in the Logistics Tech sector in China
76 Logistics Tech startups in China were founded in 2016 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | - |
2024 | 5 |
2023 | 9 |
2022 | 17 |
2021 | 38 |
2020 | 44 |
2019 | 57 |
2018 | 51 |
2017 | 67 |
2016 | 76 |
Stage-wise distribution of Logistics Tech sector companies in China
Out of the total 888 Logistics Tech companies in China, 377 have secured funding. Among them, 174 have reached Series A or higher, and 111 to Series B or beyond.
Founded - 888
Funded - 377
Series A+ - 174
Series B+ - 111
Series C+ - 65
Company Stage | No. of companies |
|---|---|
Founded | 888 |
Funded | 377 |
Series A+ | 174 |
Series B+ | 111 |
Series C+ | 65 |
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Funding Trends in the Logistics Tech sector in China
Total funding year-on-year in the Logistics Tech sector in China
The Logistics Tech sector in China saw a total funding of more than $26.2B in the last 10 years. The most amount of funding was in 2018 at more than $8.41B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $34.5M |
2024 | $380M |
2023 | $342M |
2022 | $1.59B |
2021 | $4.1B |
2020 | $5.97B |
2019 | $1.1B |
2018 | $8.41B |
2017 | $2.21B |
Recent Funding Rounds in Logistics Tech in China
In the year 2025, till December 2025, Logistics Tech companies in China have raised $663M in equity funding across 8 rounds.
In the same period last year (i.e. till December 2024), Logistics Tech companies in China had raised $380M across 16 rounds.
So, 2025 has seen a 74.2% rise in funding in Logistics Tech companies in China as compared to 2024.
Here are some recent, important funding rounds in Logistics Tech companies in China:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 6445 | Dec 12, 2025 | ||
Series A | 4285 | Nov 03, 2025 | ||
Series D | 1203 | Oct 23, 2025 | and 10 more | |
Series B | 1606 | Aug 22, 2025 | and 4 more | |
Series B | 1282 | Jul 18, 2025 | - |
Top Investors in Logistics Tech in China
Plug and Play Tech Center is the top investor in Logistics Tech companies in China based on number of companies invested.
Here are some top investors in Logistics Tech companies in China:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
San Diego (United States) | ||
London (United Kingdom) | ||
New York City (United States) | ||
Cork (Ireland) |
M&A activity in Logistics Tech sector in China
In the year 2024, till January 2024, 1 acquisition happened in Logistics Tech sector in China.
Here are some recent, important acquisitions in Logistics Tech sector in China:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jan 23, 2024 | ||
Business Acquisition | Mar 23, 2021 | ||
Acqui-Hired | Mar 04, 2021 | ||
Acqui-Hired | Jan 29, 2021 | ||
Business Acquisition | Aug 01, 2020 |
Acquisition trends in Logistics Tech sector in China
Here are the acquisition trends in Logistics Tech sector in China:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2025 | - |
2024 | 1 |
2023 | - |
2022 | - |
2021 | 3 |
2020 | 1 |
2019 | 2 |
2018 | 4 |
2017 | 2 |
2016 | 1 |
IPOs in Logistics Tech in China
In the year 2025, till July 2025, 1 IPO happened in Logistics Tech sector in China.
Here are some recent, important IPOs in Logistics Tech sector in China:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jul 09, 2025 | Hong Kong Exchanges (HKG) | |
Nov 01, 2024 | Hong Kong Exchanges (HKG) | |
Oct 04, 2024 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Nov 08, 2023 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Mar 09, 2023 | Hong Kong Exchanges (HKG) |
Colleges which produce the most Logistics Tech companies in China
Companies founded by alumni from top colleges in the Logistics Tech in China
Most number of Logistics Tech startups in China have been founded by alumni from Hong Kong University of Science and Technology (HKUST), Carnegie Mellon University and Tsinghua University.
College | No. of companies |
|---|---|
Hong Kong University of Science and Technology (HKUST) | 4 |
Carnegie Mellon University | 3 |
Tsinghua University | 3 |
University of California (Los Angeles) | 3 |
University of California (Berkeley) | 2 |
Wharton School | 2 |
Bocconi University | 1 |
Columbia University | 1 |
ETH Zurich | 1 |
INSEAD | 1 |
Total funding in Logistics Tech companies founded by alumni from top colleges in China
In the last 10 years, Carnegie Mellon University graduates' Logistics Tech companies in China have raised the most funding among top colleges. Wharton School alumni are second, and University of California (Los Angeles) alumni are third.
College | Total Funding |
|---|---|
Carnegie Mellon University | $3.23B |
Wharton School | $2.81B |
University of California (Los Angeles) | $2.78B |
Stanford University | $2.28B |
University of Pennsylvania | $2.28B |
Tsinghua University | $532M |
University of California (Berkeley) | $514M |
ETH Zurich | $115M |
Hong Kong University of Science and Technology (HKUST) | $105M |
Bocconi University | $4M |
Top News in Logistics Tech in China
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Globavend & Strawberrynet Cosmetics Partner to Target Australia's $8B Beauty MarketGlobeNewswire•Jun 30, 2025•Globavend, Strawberrynet
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Drone Nerds Introduces the DJI Matrice 400, a Powerful Enterprise DroneGlobeNewswire•Jun 10, 2025•Dronenerds, DJI
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ForwardX Robotics partners with Lynx Automation across Benelux regionRobotics and Automation News•May 28, 2025•ForwardX, Lynx
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ForwardX Robotics expands Benelux reach via new Lynx Automation partnership.
RoboticsTomorrow•May 28, 2025•ForwardX, Lynx
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Chery Deploys 98 ForwardX AMRs in Kaifeng Factory’s Final Assembly WorkshopForwardX•May 28, 2025•ForwardX, Chery
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DJI Reportedly Developing Three New Drones Including Mini 5 Pro with Enhanced BatteryChannelNews•May 26, 2025•DJI
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Lalamove Expands to UAE, Targeting SMEs in Booming E-commerce MarketTech in Asia•May 19, 2025•Lalamove
