STARTUP PROFILE

Mr Feng (Fengxiansheng)

Updated: 08/2017

Mr Feng (Fengxiansheng)

China / Hangzhou , China

Website

Series C 04/2017

Pitch

Fast like the wind, Mr Feng’s army of mobile-technology-enabled “courier-warriors” provide reliable on-demand intracity delivery for individuals and businesses; and is Hangzhou’s No. 1 player.

Why

Slow delivery, damage risk

Before the use of mobile technologies, last-mile and intracity delivery in China was inefficient, disorganized.

Costly logistics infrastructure

Building an in-house delivery team is a costly investment, and often unaffordable, for e-commerce firms.

Demand boost from e-commerce

In 2014, Beijing alone produced about 1 million orders daily for intra-city express delivery.

Market

RMB 800 billion

Current value of China’s B2B intracity logistics sector, growing 20% yearly into 2020. The B2C segment is worth around RMB 400 billion, forecast to grow 15% annually.

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