01VC

Congrats to the team in Hai Robotics - hard to believe but when we met the team in 2016, the product was still a lab experiment.

Chinese Warehouse Automation Startup Seeks $1.3 Billion Valuation Hai Robotics, a Chinese startup that develops warehouse robots similar to those made by Amazon’s robotics unit, is in talks with Sequoia Capital China and other investors to raise more than $150 million at a pre-money valuation of $1.3 billion, roughly triple its last valuation from a funding ...

https://kr-asia.com/after-years-of-losses-alibaba-backed-logistics-provider-best-predicts-profits-by-year-end

The last 10 months we seen an explosion of startups in the logistic space in South East Asia, at least 15 companies were funded in the past 6 months. Case in point : Best Logistics a late entrant in China Logistic with the backing of Alibaba (also a substantial shareholder) took years breakeven. The challenge I throw down to the industry is the funding wave in SEA is fuelled with too much dosage of courage. hashtag hashtag hashtag

After years of losses, Alibaba-backed logistics provider Best predicts profits by year-end – KrASIA Best serves TMall and Taobao, among other e-commerce heavyweights.

Giving a lecture on Termsheets 101 at SMU