September 23, 2017 8:41 PM ET

Software

Company Overview of 58 Suyun

Company Overview

58 Suyun develops a logistics application which helps to provide delivery and home moving services. The company was founded in 2014 and is based in China. 58 Suyun operates as a subsidiary of 58.com Inc.

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China

Founded in 2014

Key Executives for 58 Suyun

58 Suyun does not have any Key Executives recorded.

58 Suyun Key Developments

58 Suyun and GOGOVAN Announces Executive Changes

58 Home announced that its freight business unit, 58 Suyun, entered into a merger with GOGOVAN. After the merger, the combined company will continue to be branded as 58 Suyun in China and GOGOVAN outside of China. 58 Home will hold the majority stake of the combined company. China Renaissance acted as the exclusive financial advisor to both 58 Home and GOGOVAN in the transaction. Xiaohua Chen, the Founder and CEO of 58 Home, will serve as Chairman of the combined company. Steven Lam, the Founder and CEO of GOGOVAN, will serve as the CEO of the combined company. The combined company will be the only online platform in Asia that be able to provide full on-demand logistics and freight services to both corporate and individual customers. The combined company will also serve as the market leader in multiple geographic markets including mainland China, Hong Kong, Taiwan, Singapore, South Korea and India.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 28, 2017
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