Forwarder Flexport raises $100m from Chinese courier SF Express

Forwarder Flexport has tied itself in with Chinese courier company SF Express, raising $100m from it to expand its operations in China. Flexport plans to invest in more technology, to reduce transaction costs and add more data analytics. Total funding for the company is now at $300m. Its revenue tripled last year, admittedly from a low base, and it has ambitious plans to double its warehousing space and open four offices this year. San Francisco Business Times reports.