At the beginning of 2017, Shenzhen Hive Box Technology Co., Ltd. (“Hive Box”) secured Series A financing of 2.5 billion yuan. This round is led by CDH Investments, and co-invested by China Development Bank, Eastern Bell and Yiyao. The original shareholders put up additional investments.

Hive Box breaks into the market with smart delivery lockers. With enhanced efficiency and expediency at the end-point of delivery, it strengthens the connection between the hardware and people. Since its launch in June 2015, in one year and a half, its network has already covered 74 cities with 3 million boxes in 40,000 sets. It’s already no. 1 of delivery locker industry in terms of daily parcels handled.

After this round of financing, Hive Box will speed up its network expansion in tier 1 and 2 cities, and strengthen its advantages in existing cities. In terms of industrial value chain, Hive Box will connect and integrate information flow and data flow with its strength, so as to set an example for the complete end-point solution for the delivery locker industry.

Jingtian & Gongcheng is the legal counsel of Global Logistic Properties (GLP), the existing shareholder and co-investor. It provides relevant legal services to the client concerning this deal. GLP (MC0.SI) is the world’s leading supplier of modern logistics facilities. By September 30, 2016, its business covers 113 major cities in China, Japan, USA and Brazil.