Jumeng

Jumeng is a company providing less than truckload shipping (LTL) logistics services for enterprise customers. Jumeng was established by Yujing Zhang in 2017. It is based in Shanghai, China, and is currently serving the Chinese market. Jumeng operates a crowdsourcing model for transporting goods, through logistics parks that are connected to more than 2,000 inter-provincial trunk lines and more than 2,000 stores in China.

Since 2018, Jumeng has managed to raise $29.2 million through three funding rounds. Its most recently held round was a Series A, started in September 2019. Investors who have provided financing for Jumeng include Three Gorges Xintai Fund, IDG Capital, and SAIF Partners.