Nigeria: billionaire Zhang Lei backs Kenya’s Lori Systems
Operating a digital platform to match supply and demand for transport services, the company founded in 2016 is looking to grow in West Africa with a $20m funding round.
Someone shares this article with you
▪ Nigeria: billionaire Zhang Lei backs Kenya’s Lori Systems
▪ Operating a digital platform to match supply and demand for transport services, the company founded in 2016 is looking to grow in West Africa with a $20m funding round.
▪ https://www.africabusinessplus.com/en/800529/nigeria-billionaire-zhang-lei-backs-kenyas-lori-systems/
Nairobi-based start-up Lori Systems was established in 2016 and has recently added some heavyweight Chinese investors to its funding round. These are headed by the giant Hillhouse Capital Group (JD.Com, Tencent etc.), founded by billionaire Zhang Lei, and Crystal Stream, an early-stage fund co-founded by Wang Mengqiu, a former executive at Baidu Tech.
This article is for subscribers only. To read more, subscribe with a special offer.
You are connected to your Jeune Afrique account but your Africa Business+ subscription does not allow you to consult the English version. To update your subscription, contact us by clicking here.
Any questions ? contact us
Please get in touch with the Africa Business+ team if you require any further information.
Email us : customer.care@africabusinessplus.com
Add AB+ to your home screen
1. Click on 
at the bottom of your screen.
2. Click on 
to add AB+ on the home screen.
3. Enter the name of the shortcut and confirm.