Misplaced Pages

FOR-U Smart Freight

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
Chinese logistics company
This article is an orphan, as no other articles link to it. Please introduce links to this page from related articles; try the Find link tool for suggestions. (August 2023)
FOR-U Smart Freight
Native name
Traditional Chinese福佑卡車
Simplified Chinese福佑卡车
IndustryOnline freight
FoundedMarch 2015
HeadquartersBeijing
Key peopleDandan Shan (founder, CEO)
RevenueIncrease CN¥3.6 billion (2020)
Websitewww.for-u.com

FOR-U Smart Freight (previously Fuyoukache, also spelled Fuyou Kache; Chinese: 福佑卡车), or ForU Trucking, also known as ForU Worldwide, or simply as FOR-U, is a China-based road freight transport platform founded by Dandan Shan in March 2015. It provides long-haul trucking logistics services to enterprises and third-party logistics firms through web and mobile app.

Invested by GLP, ZhenFund, and Legend Capital, it focuses on the trucking logistics industry. On March 1, 2021, ForU Trucking completed the brand upgrade and released the new name "FOR-U Smart Freight". The company filed an application for listing with the SEC on May 13, 2021, and plans to list on the NASDAQ, with Goldman Sachs, UBS and CICC appointed as its joint bookrunners.

History

FOR-U Smart Freight initially started in Nanjing. In December 2018, it completed a Series D financing round totaling $170 million, led by BOCGI and Matrix Partners China.

FOR-U Smart Freight's revenue in 2020 reached ¥3.6 billion ($544.3 million). In Q1 2021, the firm generated revenue of ¥1.183 billion.

In March 2021, FOR-U Smart Freight signed on to UN Women's WEPs to mark International Women's Day 2021.

References

  1. Winnie Liu (10 March 2017). "Legend leads $36m round for China truck logistics platform". Asian Venture Capital Journal.
  2. "China's ForU Trucking says big data is revolutionising freight transport". SeaNews Turkey. 19 July 2019.
  3. Jiao Yue (17 December 2020). "McKinsey Interpretation: The total scale of China's road freight market in 2019 is about 5.5 trillion yuan". Securities Daily.
  4. Maera Tezuka (19 Dec 2018). "Chinese truck logistics company Fuyoukache fetches US$170M in series D round". S&P Global.
  5. Ding Yi (Apr 9, 2021). "Didi to Expand New Logistics Service From 8 to 19 Cities in China". Caixin Global.
  6. Sora Ju (30 November 2019). "Progress of China Fintech and Deregulation" (PDF). North American Academic Research.
  7. "JD.com-backed ForU Trucking mulls US$500m US IPO". International Financing Review. 25 Mar 2021.
  8. Cai Ding (2021-05-17). "Road freight platform ForU Trucking launches U.S. IPO". National Business Daily.
  9. Larissa Ku (25 May 2021). "China trucking player secures $200m Series E". Asian Venture Capital Journal.
  10. Kirsten Korosec (May 17, 2021). "The Station: Exits at Waymo and Bird's SPAC reveals its scooter-nomics". TechCrunch.
  11. Julia Fioretti (25 May 2021). "Boom in China Firms Listing in the U.S. Comes to Sudden Halt". Bloomberg News.
  12. "The 5th China Finance Summit was held in Beijing". Ta Kung Pao. 2016-07-25.
  13. Xiang Li; Shao-ju Lee; Bing-lian Liu; Ling Wang (29 June 2019). Contemporary Logistics in China: Interconnective Channels and Collaborative Sharing. Springer. pp. 148–. ISBN 9789811378164.
  14. Brandy Betz (Jan 6, 2018). "Venture capital deals of the week". Seeking Alpha.
  15. "2017 China Leading Fintech50" (PDF). KPMG. 21 December 2017.
  16. "Rebooting factories - AVCJ" (PDF). Asian Venture Capital Journal. 14 March 2017.
  17. "Builders and Innovators - Asia 2019 - Goldman Sachs". Goldman Sachs. January 8, 2020.
  18. "Technology-driven freight platform upgrade ForU Trucking launches new brand identity". Securities Daily. 2021-03-02.
  19. "Jingdong Logistics to raise up to more than 26.4 billion yuan in an IPO today". Sing Tao Daily (Canada). 2021-05-17.
  20. Jonathan Breen (May 14, 2021). "China's ForU Worldwide hauls in $100m US IPO". www.globalcapital.com.
  21. "New economy gathers new momentum". People's Daily. Oct 14, 2020.
  22. Ling Wang; Shao-ju Lee; Xiao-fan Wu; Bing-lian Liu, Jian-hua Xiao (6 August 2020). Contemporary Logistics in China: Persistent Reformation, Continual Opening and Vibrant Innovation. Springer Nature. pp. 42–. ISBN 9789811569456.
  23. "Opportunity for fast growth - Colliers International". Colliers International. Apr 23, 2020.
  24. Jane Li (18 December 2018). "Chinese online truck logistics platform raises $170m". Asian Venture Capital Journal.
  25. Jennifer Chan (May 13, 2021). "Form F-1 Registration Statement under the Securities Act of 1933 of ForU Worldwide Inc". U.S. Securities and Exchange Commission.
  26. "ForU Trucking to go public on NASDAQ, plans to raise up to $500 million". Oriental Daily News. May 16, 2021.
  27. Jane Li (March 30, 2021). "China's companies giving more opportunities to women". UN Women.
Categories: