The logistics subsidiary of eBay and Singapore Press Holdings-backed e-commerce marketplace Qoo10 has raised $50m to expand its operations.

Qxpress, the Singapore-based logistics subsidiary of e-commerce platform Qoo10, has secured $50m in funding from investment firm Crescendo Equity Partners, Vulcan Post reported yesterday. Founded in 2011, Qxpress fulfils international logistics functions for Qoo10’s products, covering warehousing, storage, warehouse and inventory management, ordering, product packaging and deliveries. The company currently operates 11 delivery centres across…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.