Singapore’s Ninja Van raises $578m

Alibaba joins the late stage funding round of the logistics provider.

Singapore-based, Ninja Van, a provider of logistics, added Alibaba Group as an investor as it has raised $578 million in a late-stage funding round. Existing investors in the round included Europe’s GeoPost/DPDgroup, B Capital Group, Monk’s Hill Ventures and Zamrud, an entity linked to a Southeast Asian sovereign wealth fund.

Source: Company press release