ZTO Express
中通快递
ZTO Express is a logistics company that received investment from Guo Shanshan . Guo, then at Sequoia, spent roughly a year on the deal—what he called his longest—producing a 100-page diligence report after visiting distribution centers, interviewing drivers, and making biweekly trips to build trust with the founding team . In his 2026 conversation with elsewhere, he recalled that when he first met founder Lai Meisong around 2011, no courier company was publicly listed and the industry had barely seen institutional capital; he proposed a 16x PE valuation with little precedent to go on . Elsewhere's corpus does not cover ZTO's subsequent public listing, operational scale, or current business beyond this investor-foundational period.
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Coverage
Vol.004 | Conversation with Richard Guo: Staying Out of the Fray, But Keeping on Winning
elsewhere别处发生·A Conversation with Sam Guo: Staying Out of the Fray, but Keeping on Winning
Truck drivers, sour kiwis, counterfeit cigarettes and booze — and the legends of investing.
elsewhere别处发生·Yunqi Capital | New Milestone: Neolix Autonomous Vehicles First to Enter the "10,000-Unit Era"
From Early Mover to Market Leader
云启资本·From Mortgaging His House to Building the World's Largest Autonomous Fleet: Yu Enyuan's Seven-Year All-In Bet | Yunqi Capital Doers
"Neolix" and Its "Ant Army"
云启资本·Yunqi Capital | "Neolix" Closes 600 Million Yuan Series C, Low-Cost Autonomous Vehicles Secure Nearly 10,000-Unit Orders from Multiple Leading Logistics Customers
Low cost, high efficiency, and road access.
云启资本·We Analyzed 1,000 LP Commitments and Found 30 Hidden Top Family Offices
They are also a microcosm of China's commercial evolution.
暗涌Waves·Linear News | Zero-Trust Access Management Cloud Platform "Feiyue Cloud" Closes Seed Round in the Millions of RMB, Led by Linear Capital
36Kr has learned that Shanghai Feiyue Cloud Technology Co., Ltd. (hereinafter referred to as "Feiyue Cloud") announced today that it has completed a seed funding round. According to the company, this round raised tens of millions of RMB, led by Linear Capital, with AngelPlus following on.
线性资本·
