YQN Logistics
运去哪
YQN Logistics (运去哪) is a China-based digital cross-border logistics platform founded in 2015 and led by CEO Zhou Shihao . Source Code Capital was its sole Series A investor and has continued to back it through subsequent rounds . The company positions itself as an industry "connector" rather than a traditional freight forwarder, using AI, big data, and cloud computing to link offline logistics resources and provide end-to-end international shipping services .
As of early 2025, YQN operates over 14 overseas warehouses in North America spanning more than 3 million square feet across Los Angeles, New Jersey, Savannah, Atlanta, Houston, and Mexico City, serving sectors from auto parts to new energy vehicles and smart home appliances . It is a certified warehouse partner for TEMU and SHEIN's semi-managed models and has met Amazon's SFP service standards . The platform's AI-driven system optimizes global shipping routes in real time, while its RPA technology completes complex documentation in 30 seconds . By 2021, the platform had served roughly 20,000 enterprises with projected annual throughput of 700,000 TEU .
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Coverage
Code Brain | In Hangzhou, Witnessing the Rise of China's Smart Manufacturing and AI Enterprises
On September 23, Source Code Capital led more than 20 founders, CEOs, co-founders, and senior executives from its portfolio companies on visits in Hangzhou to Geely, Alibaba Cloud, and Manycore Tech — representatives of smart manufacturing and AI industries.
Code Moment | Code Gather Members Make a Collective Appearance at CES, Showcasing Tech Innovation Power
Make business smarter, make life better.
MaHui | Multiple MaHui Members Named to ChinaVenture's "Sharp 100" List
Source Code Capital | Source Code Capital Honored with "Top Investors and Investment Firms Across Ten Innovation Economy Sectors" Awards
MaHui | YQN Logistics Debuts at 5th CIIE, Co-Releases 2022 International Logistics Industry Digitalization Development Report
MaKe | MaHui Member Hongji Once Again Named to Gartner RPA Magic Quadrant
MaHui | Nearly 40 MaHui Members Named to 36Kr's X·36Under36 S-Class Young Entrepreneurs List
Source Code Capital closes fifth RMB fund, raising over 7 billion yuan to back tech innovation and SMEs
Invest early, invest small, invest in tech
Source Code Capital's Xingshi Wang and Yungang Huang Named MVIP Young Investors of the Year and Best Digital Healthcare Investor
MVIP of the Year, Best Investor in Digital Healthcare.
Xunweishi raises tens of millions of yuan in angel round co-led by Source Code Capital
Put consumer needs first, and elevate happiness and satisfaction.
Unisun Energy Group Announces Completion of Series B Funding Led by Source Code Capital
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ONES, an R&D management tool, announced the completion of its RMB 300 million Series B1 and B2 funding rounds, with participation from Source Code Capital.
Dedicated to advancing China's software industry and enhancing the core competitiveness of enterprises.
Allosteric drug discovery company Nutshell Therapeutics has raised $20 million in a Series A round led by Source Code Capital.
Currently the only platform-type allosteric drug discovery company in China driven by computational methods
Cross-border e-commerce SaaS provider **Lingxing ERP** announced the completion of a 200 million yuan Series B funding round, with Source Code Capital as the investor.
All-in-one cross-border e-commerce operations management system.
Source Code Capital portfolio company YQN Logistics announces completion of $100 million Series D1 funding round, with existing shareholder Source Code Capital continuing to increase its stake
After six years of rapid growth, the platform now serves approximately 20,000 enterprise clients, with projected shipping volume expected to reach 700,000 TEUs in 2021.
Source Code Capital Closes $1 Billion New Fund Raise
Be the investment firm with the most entrepreneurial spirit
Source Code Capital announced that Xingshi Wang has been appointed as partner.
Focus on long-term B2B investments in industrial internet, automotive and mobility, and other enterprise-facing sectors.
Let's meet today — I'll be waiting for you at the Shenzhen office!
Source Code Capital's Shenzhen office is now officially open, embedding itself at the cutting edge of South China's tech innovation and riding the new wave of smart manufacturing!
Source Code Capital announced that Wei Wang has officially joined as a partner.
After joining, Wang Wei will support Source Code Capital's portfolio companies on capital markets matters, drawing on his years of experience to empower companies with capital markets development needs.
Source Code Capital Closes RMB 3.8 Billion for Fourth RMB Fund
Late-stage investment, qualitative transformation, organizational capability
Source Code Capital Wins Multiple Awards in Zero2IPO's 2020 China Equity Investment Annual Rankings
Create Lasting, Real Value
Source Code Capital portfolio company KE Holdings successfully went public, becoming China's "first listed residential services platform."
A shell is home, the pearl in a Chinese heart.
Forbes Releases Major Rankings, Source Code Capital's Yi Cao and Yungang Huang Make the List
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The Industry's Growth Double Helix
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Code Brain "Standing Together Against COVID-19" Series Session 7: Sales Team Management During Extraordinary Times
**Speaker:** Jiawei Gan, Operating Partner at Hillhouse, former COO of Meituan
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"Isolate the virus, but never isolate love."
Xingshi Wang, Source Code Capital: Industrial Internet Innovation Through the Lens of Organizational Capability
Source Code Capital remains committed to creating lasting, tangible value, focusing on the challenges and uncertainties that member companies face as they scale from 1 to 100. And organizational capability building is one of the most critical factors determining whether a growth-stage industrial internet entrepreneur can achieve iterative expansion.
Where Are the Boundaries of Industrial Internet? | Source Code Capital 2019
"Knowledge Capital, Deep Practice" — at Source Code Capital's 2019 Ma Hui annual conference, the founders and CEOs of Xiaoyaoyao, Yijiupi, ZNLH, and YQN Logistics were invited to explore the boundaries and breakthroughs of industrial internet.
Source Code Capital portfolio company WeiMai announced the completion of a new $100 million series funding round, with existing shareholder Source Code Capital continuing to increase its stake.
A pioneer and leader in "Internet + Healthcare" service platforms. Its services cover more than 150 million people, with 100,000 doctors on the platform offering a wide range of healthcare service SKUs.
RPA Firm Cyclone Announces Close of Nearly $10 Million Series A Funding Round
Among domestic RPA startups, Cyclone currently sits in the top tier by revenue, funding raised, and valuation.
Source Code Capital portfolio company YQN Logistics announced the completion of a $70 million Series C funding round, with existing shareholder Source Code Capital continuing to increase its stake.
It has served more than 10,000 enterprises to date, with over 150,000 freight rates across all shipping routes on the platform. The platform's 2019 cargo volume is projected to reach 300,000 TEU.
Source Code Capital Closes $570 Million New Fund
Create lasting, real value
Yi Cao of Source Code Capital Named to 2019 Forbes Midas List
Create Lasting, Real Value
Two Portfolio Companies Close Funding Rounds, Four Achieve Strategic Upgrades, and Two Rank First on Global Top Lists | Source Code Capital Community · February
"Ma Hui Notes" chronicles the small steps forward of our community members, shares in the joy of their growth, and looks toward an even brighter future.
2 Companies Close Funding Rounds, 5 Complete Strategic Upgrades, 9 Win 6 Major Awards | Source Code Capital Monthly · January
"Ma Hui Chronicles" documents our members' incremental progress, shares the joy of growth, and looks forward to an even brighter future.
A Solid Finish to 2018, Continued Patient Growth in 2019 | Code Meet Journal · December
"Ma Hui Journal" chronicles the small steps forward of our community members, shares the joy of growth, and looks toward an even brighter future.
The Great To B Adventure
The true B2B adventurers have mostly become big winners.
Niu Technologies IPO Lands on Nasdaq; 3 Companies Close Funding Rounds; Code Brain Issue 8 Mines India | Code Brain Newsletter · October
【Source Code Capital Newsletter】Here we record the small steps forward taken by our team members, share the joy of growth, and look forward to an even brighter future.
ByteDance Named World's Strongest AI Startup by CB Insights, Six Companies Announce Business Upgrades | Source Code Capital Briefing · December
【Source Code Capital Journal】Here we record our teammates' step-by-step progress, share the joy of growth, and look forward to an even brighter future.
Source Code Capital Named Among Top 30 B2B Investment Firms in China for 2017
Top 30 B2B Investment Firms in China 2017
