Yimidida
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Yimidida (壹米滴答) was a Shanghai-based LTL logistics network platform founded in 2015 by Yang Xingyun. Using a 'network-crowdfunding + capacity-crowdsourcing' model, it united regional carriers into a nationwide network for less-than-truckload freight, reaching deep into rural China with payment collection, transport insurance, and delivery tracking. It raised $546.8 million in total, including a $266 million Series D (January 2019) and a ~¥1 billion D+ round (February 2020).
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Yang Xingyun founded Yimidida in Shanghai as a crowd-sourced logistics network.
- Series D
Raised $266M Series D, then a ~¥1B D+ round including the acquisition of UC Express.
- Acquired by J&T Express
J&T Express's acquisition was approved July 30, 2021 and completed by January 2022; Yimidida's network was integrated into the larger express group.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.