About Logistics Tech sector in Hong Kong, China
The Logistics Tech sector in Hong Kong, China comprises 109 companies, including 31 funded companies having collectively raised $1.8B in venture capital money and private equity. Out of these, 18 are Series A+ funded, and 1 has achieved unicorn status.
Logistics Tech sector in Hong Kong, China has seen 2 acquisitions and 3 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 Hong Kong, China
There are 109 Logistics Tech startups in Hong Kong, China which include AfterShip, GoGoX, Easyship, Rice Robotics, Hive Box. Out of these, 31 startups are funded, with 18 having secured Series A+ funding, and 1 achieving unicorn status.
Over the past 10 years, an average of 4 new companies have been launched annually. Notably, several of these startups have been founded by alumni of University of California (Berkeley), University of California (Los Angeles) and Hong Kong University of Science and Technology (HKUST).
Here is the list of top Logistics Tech startups in Hong Kong, China
1. 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: 68/100 What is this?
- Competitors Rank: 1 of 563 Competitors
2. GoGoX
GOGOX is the provider of an app-based platform for goods transportation. It provides individuals and businesses with doorstep, on-demand and same-day delivery of goods, documents, personal items and shopping purchases. It includes online payments and courier tracking, booking of vans and trucks. Its app is available across both Android and iOS platforms.
Key facts about GoGoX
- Founded Year: 2013
- Location: Hong Kong (China)
- Stage: Series D
- Total Funding till date: $507M
- Investors: Cyberport, BOCOM International and 19 Others
- Latest Funding Round: Series D, Jul 13, 2021, $*****
- Tracxn Score: 65/100 What is this?
- Competitors Rank: 2 of 89 Competitors
3. Easyship
Easyship is a provider of shipping solutions for eCommerce sellers. It allows eCommerce merchants and marketplaces to integrate shipping gateway to their shopping cart. The users can also import the orders manually into the system and compare & choose the shipping partner. Once the shipping labels and other documents are attached, the package will be picked up from the customer's doorstep. The solution can be integrated with Amazon, Shopify, eBay, Etsy, and Lazada among others. The company claims to have more than 1000+ sellers including Alzando, Racing the Planet, and Kix-Files among others.
Key facts about Easyship
- Founded Year: 2014
- Location: Hong Kong (China)
- Stage: Series A
- Total Funding till date: $4M
- Investors: 500 Durians, Rubicon Venture Capital and 9 Others
- Latest Funding Round: Series A, Nov 29, 2018, $*****
- Tracxn Score: 60/100 What is this?
- Competitors Rank: 40 of 1,796 Competitors
Developer of autonomous robots for indoor deliveries. The robots feature autonomous navigation and obstacle avoidance for autonomous indoor deliveries. Offers a connect management platform that enables users to get real-time delivery visibility and analytics. Use cases include intra-warehouse deliveries, room deliveries in the hospitality industry, and indoor deliveries for high-rise buildings or offices.
Key facts about Rice Robotics
- Founded Year: 2018
- Location: Hong Kong (China)
- Stage: Seed
- Total Funding till date: $7M
- Investors: Cyberport, Soul Capital and 5 Others
- Latest Funding Round: Seed, Jul 17, 2023, $*****
- Tracxn Score: 54/100 What is this?
- Competitors Rank: 39 of 810 Competitors
5. Hive Box
Offers SaaS-enabled smart locker solutions for logistics. The company offers tech-enabled parcel locker solutions for last-mile delivery management. It also offers SaaS-enabled solutions and application for managing pick-up and drop-off locations.
Key facts about Hive Box
- Founded Year: 2015
- Location: Hong Kong (China)
- Stage: Series C
- Total Funding till date: $1.08B
- Investors: Trustbridge Partners, CDH and 8 Others
- Latest Funding Round: Series C, Jan 08, 2021, $*****
- Tracxn Score: 53/100 What is this?
Companies founded year-on-year in the Logistics Tech sector in Hong Kong
13 Logistics Tech startups in Hong Kong were founded in 2018 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | 3 |
2022 | 3 |
2021 | 6 |
2020 | 8 |
2019 | 5 |
2018 | 13 |
2017 | 10 |
Stage-wise distribution of Logistics Tech sector companies in Hong Kong
Out of the total 109 Logistics Tech companies in Hong Kong, 31 have secured funding. Among them, 18 have reached Series A or higher, and 13 to Series B or beyond.
Founded - 109
Funded - 31
Series A+ - 18
Series B+ - 13
Series C+ - 9
Company Stage | No. of companies |
|---|---|
Founded | 109 |
Funded | 31 |
Series A+ | 18 |
Series B+ | 13 |
Series C+ | 9 |
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Funding Trends in the Logistics Tech sector in Hong Kong
Total funding year-on-year in the Logistics Tech sector in Hong Kong
The Logistics Tech sector in Hong Kong saw a total funding of more than $1.79B in the last 10 years. The most amount of funding was in 2021 at more than $630M.
- Total Funding
Year | Total Funding |
|---|---|
2023 | $7M |
2021 | $630M |
2020 | $10M |
2019 | $7.23M |
2018 | $584M |
2017 | $381M |
Recent Funding Rounds in Logistics Tech in Hong Kong
In the year 2023, till July 2023, Logistics Tech companies in Hong Kong have raised $7M in equity funding across 2 rounds.
Here are some recent, important funding rounds in Logistics Tech companies in Hong Kong:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 4733 | Jul 17, 2023 | ||
Series B | 8047 | Jun 19, 2023 | ||
Series B | 1513 | Dec 08, 2021 | ||
Series A | 7851 | Oct 14, 2021 | ||
Seed | 1219 | Sep 28, 2021 |
Top Investors in Logistics Tech in Hong Kong
SoftBank Vision Fund is the top investor in Logistics Tech companies in Hong Kong based on number of companies invested.
Here are some top investors in Logistics Tech companies in Hong Kong:
Investor | Location | Top Portfolio Companies |
|---|---|---|
London (United Kingdom) | - | |
New York City (United States) | - | |
New York (United States) | ||
Hong Kong (China) | - | |
Stockholm (Sweden) | - |
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M&A activity in Logistics Tech sector in Hong Kong
In the year 2021, till March 2021, 1 acquisition happened in Logistics Tech sector in Hong Kong.
Here are some recent, important acquisitions in Logistics Tech sector in Hong Kong:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Acqui-Hired | Mar 04, 2021 | ||
Business Acquisition | Mar 26, 2019 |
Acquisition trends in Logistics Tech sector in Hong Kong
Here are the acquisition trends in Logistics Tech sector in Hong Kong:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | - |
2022 | - |
2021 | 1 |
2020 | - |
2019 | 1 |
2018 | - |
2017 | - |
IPOs in Logistics Tech in Hong Kong
In the year 2024, till November 2024, 1 IPO happened in Logistics Tech sector in Hong Kong.
Here are some recent, important IPOs in Logistics Tech sector in Hong Kong:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Nov 01, 2024 | Hong Kong Exchanges (HKG) | |
Nov 08, 2023 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Jun 24, 2022 | Hong Kong Exchanges (HKG) |
Colleges which produce the most Logistics Tech companies in Hong Kong
Companies founded by alumni from top colleges in the Logistics Tech in Hong Kong
Most number of Logistics Tech startups in Hong Kong have been founded by alumni from University of California (Berkeley), University of California (Los Angeles) and Hong Kong University of Science and Technology (HKUST).
College | No. of companies |
|---|---|
University of California (Berkeley) | 3 |
University of California (Los Angeles) | 3 |
Hong Kong University of Science and Technology (HKUST) | 2 |
Bocconi University | 1 |
INSEAD | 1 |
University of Toronto | 1 |
Total funding in Logistics Tech companies founded by alumni from top colleges in Hong Kong
In the last 10 years, University of California (Berkeley) graduates' Logistics Tech companies in Hong Kong have raised the most funding among top colleges. University of California (Los Angeles) alumni are second, and Bocconi University alumni are third.
College | Total Funding |
|---|---|
University of California (Berkeley) | $514M |
University of California (Los Angeles) | $507M |
Bocconi University | $4M |
University of Toronto | $2M |
Hong Kong University of Science and Technology (HKUST) | - |
INSEAD | - |
Top News in Logistics Tech in Hong Kong
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Globavend & Strawberrynet Cosmetics Partner to Target Australia's $8B Beauty MarketGlobeNewswire•Jun 30, 2025•Globavend, Strawberrynet
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Cathay Cargo and DB Schenker sign SAF program collaborationBiofuels Digest•Oct 11, 2024•Cathay Cargo, DB Schenker
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Cathay Cargo brings Click & Ship booking to DHL Global Forwarding and DSVAsian Aviation•Jan 21, 2024•DSV, DHL, Cathay Cargo
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Floship selected for HKSTP Elite Program, demonstrating innovation and growth potentialGlobeNewswire•Nov 17, 2023•Floship
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GSBN and ZAN to explore tokenised eBLs as digital securitised assetsSmart Maritime Network•Nov 07, 2023•GSBN, Ant Group
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Easyship and Sendle expand partnership to make low-cost, sustainable shipping more accessible businesses across the US and CanadaAmerican Journal of Transportation•Oct 04, 2023•Sendle, Easyship
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AfterShip Partners with TikTok Shop on Next Chapter of Social CommerceBusiness Wire•Sep 21, 2023•AfterShip, TikTok
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Cathay Cargo innovation brings convenience to the booking process with digital link to Kuehne+Nagel’s booking systemAmerican Journal of Transportation•Sep 13, 2023•Cathay Cargo, Kuehne + Nagel
