Chinese smart logistics platform YunQuNa enters unicorn club post $100m round
Summary
YunQuNa, a global smart logistics service platform born in China, announced on Tuesday the completion of a Series D1 funding round at $100 million to achieve a unicorn valuation of over $1 billion. That is expected to lift the firm’s existing network that covers markets including Mexico, Brazil, Japan, the US, Vietnam, Thailand, Singapore, and beyond. The startup also aims to lift the application of technologies, such as blockchain and big data, to power new offerings including estimations of shipping space and charges in an attempt to help clients in their cross-border logistics management and decision-making processes. The international logistics industry is stepping into “a VUCA era,” Zhou Shihao, founder and CEO of YunQuNa, was cited as saying in the Source Code statement. VUCA, coined in the leadership theories by US scholars Warren Bennis and Burt Nanus, is an acronym that describes the volatility, uncertainty, complexity and ambiguity of general conditions and situation.