Brazilian logistics company Loggi plans to sell part of its shares, sources say Cainiao is waiting and watching

According to news from this website on August 8, according to "Whale Rhinoceros", Brazilian logistics company Loggi plans to sell part of its shares in the near future. The reason is that a US dollar fund institution plans to sell all its shares in Loggi. Chen Ming, an insider, revealed that Chinese industrial parties such as Cainiao are waiting to see whether to buy. Chen Ming believes that Loggi and Alibaba have a common shareholder, SoftBank, and it is very likely that Rookie will invest in Loggi, which will benefit its deployment in Brazil.

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▲ Promotional image of Loggi official website. According to our query, Loggi was founded in June 2013 and is headquartered in Sao Paulo, Brazil. Its business involves express delivery, takeout, e-commerce, etc. Since its establishment, Loggi has completed seven rounds of financing. The main investors are:

1. SoftBank
2. Microsoft
3. GGV Capital
4. Monashees
5. Qualcomm
6. Kaszkek and others

In 2019, SoftBank led a 150 million investment In US dollars, Loggi's valuation exceeded US$1 billion, making it one of Brazil's unicorns.

Cainiao’s layout in Brazil

1. In 2022, Cainiao disclosed its 3-year development plan for Brazil for the first time
2. Opened its Latin American headquarters in Sao Paulo, the most automated center
3. Plans to deploy 9 distribution centers within 3 years , covering 7 key southeastern states

Cainiao cooperates with Brazil Post

1. Signed a strategic cooperation agreement in April 2023
2. Deepen international express delivery and logistics technology cooperation
3. Strengthen terminal network construction and provide high-quality cross-border logistics services

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