Shanghai and Hong Kong, China, October 11, 2019 – Welkin, a China-focused mid-market growth equity investment firm, today announced that ALOG Technology (“ALOG”) has been sold to Cainiao. ALOG is a smart warehouse operator specialized in domestic and cross-border e-commerce logistics. Welkin previously led ALOG’s Series C financing in 2017.
Founded in 2004, ALOG provides outsourced warehouse management services and turnkey supply chain management solutions that are tailor-made for the needs of e-commerce merchants based in China and abroad. ALOG is also a leader in the development and implementation of intelligent and automated warehouse solutions.
“Welkin partnered with ALOG as it expanded its smart warehousing solutions to help e-commerce merchants realize the operational efficiencies and cost reductions of its tech-enabled solutions,” said Johnny Kong, CEO of Welkin. “Xing Wei has been a great partner for Welkin and we wish the entire ALOG team the best as they continue their journey with Cainiao.”
About Welkin
Welkin is a China-focused mid-market growth equity investment firm with a distinguished family heritage and strong entrepreneurial roots. Founded in 2009, Welkin invests in niche-leading, growth stage companies in China on behalf of global institutional investors and the firm’s employees. Welkin deploys its local resources, industry knowledge, and operating expertise, to drive impactful value creation and help companies achieve their full growth potential. For more information, please visit www.welkincapital.com
About ALOG
ALOG is the leading e-commerce third-party logistics service provider in China. Founded in 2004 and headquartered in Hangzhou, ALOG provides outsourced warehouse management services and turnkey supply chain management solutions for major e-commerce companies such as Alibaba’s Tmall Supermarket and Cainiao. To learn more, please visit ALOG’s website at www.alog.com.
Contact:
Media Relations
[email protected]
