SF Express, Oriza Lead $80M Series A In 100msh

Shenzhen-based free business wifi provider 100msh has completed US$80 million series A round of financing from SF Express Co., Ltd. and Oriza Holdings, according to Chinese media reports.

SF Express and 100msh plan to initiate a strategic partnership to help further develop SF Express’ online e-commerce business, says the reports.

Founded in 2010, 100msh provides free wifi connection to local businesses to consumers in local communities, and therefore facilitating local business transactions.

The company currently has 180,000 wifi hotspots across China, according to its website.

China Expert network