Hive Box
Founded Year
2015Stage
Series B | AliveTotal Raised
$1.24BLast Raised
$400M | 5 yrs agoAbout Hive Box
Hive Box provides smart locker solutions and last-mile delivery services across various industries. The company has products such as smart parcel lockers, Bluetooth lockers, twin face lockers, and various types of sending and storage lockers, for the pick-up and drop-off of parcels. Hive Box serves sectors that require last-mile delivery solutions, including logistics, new retail, and advertising industries. It was founded in 2015 and is based in Shenzhen, Guangdong. Hive Box operates as a subsidiary of SF Express.
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ESPs containing Hive Box
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The delivery lockers & storage networks market develops automated smart locker systems and package storage infrastructure for secure e-commerce delivery and pickup at various locations such as apartment complexes, retail stores, offices, and public areas. These solutions include self-service kiosks, package rooms, and locker networks that accept deliveries from multiple carriers and enable 24/7 pa…
Hive Box named as Highflier among 7 other companies, including Fetch, Pargo, and Minnow.
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Expert Collections containing Hive Box
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Hive Box is included in 2 Expert Collections, including Supply Chain & Logistics Tech.
Supply Chain & Logistics Tech
6,027 items
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Unicorns- Billion Dollar Startups
1,309 items
Latest Hive Box News
Oct 22, 2025
(Yicai) Oct. 22 -- The Hong Kong initial public offering of Hive Box Holdings, a Chinese parcel locker operator backed by SF Express, has been stalled for more than a year due to a dispute and ensuing lawsuit filed by investor Asia Forge Capital over a share repurchase agreement, sources told Yicai. Hive Box, 36.5 percent owned by SF Express founder Wang Wei, filed its IPO prospectus with the Hong Kong Stock Exchange in August last year. The document lapsed this February after the company failed to submit supplementary materials within the required period, and it has not updated its filing since. An industry insider said Asia Forge Capital and Hive Box were unable to reach an agreement after multiple rounds of negotiation on the redemption clause embedded in a 2021 investment deal. Hive Box raised USD400 million that year from several investors, including Asia Forge Cayman, an entity under Asia Forge Capital. The agreement granted shareholders the right to redeem their shares if Hive Box failed to list by Jan. 27, 2025. According to Hive Box’s August 2024 prospectus, the firm planned to extend the redemption deadline to Jan. 31, 2027, by paying about USD80 million. However, Asia Forge Capital did not agree to the extension and subsequently filed a lawsuit in Hong Kong, though no related case information has yet appeared on the Hong Kong court’s website. A representative at Asia Forge Capital declined to comment when reached by Yicai, and calls to Hive Box went unanswered. A lawyer who requested anonymity said a listed company’s shareholding structure must be clear and stable. If there is a lawsuit involving share repurchases, the current shareholder list and ownership ratios may be subject to change, and the HKEX cannot proceed with a review based on a potentially fluid equity structure, the lawyer noted. Even aside from the lawsuit, Hive Box faces difficulties with its IPO. The company reported cumulative losses exceeding CNY3.7 billion (USD519.5 million) between 2021 and 2023, mainly due to heavy spending on building its smart locker network. In October 2024, the China Securities Regulatory Commission asked Hive Box to provide additional explanations on its Variable Interest Entity structure and business compliance, but the firm did not complete the disclosure within the specified timeframe.
Hive Box Frequently Asked Questions (FAQ)
When was Hive Box founded?
Hive Box was founded in 2015.
Where is Hive Box's headquarters?
Hive Box's headquarters is located at Shenzhen.
What is Hive Box's latest funding round?
Hive Box's latest funding round is Series B.
How much did Hive Box raise?
Hive Box raised a total of $1.24B.
Who are the investors of Hive Box?
Investors of Hive Box include All-Stars Investment, HongShan, Redview Capital, Forge Global, Trustbridge Partners and 13 more.
Who are Hive Box's competitors?
Competitors of Hive Box include RedBox Technologies and 5 more.
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Compare Hive Box to Competitors
RedBox Technologies specializes in providing parcel locker services within the logistics and delivery industry. Their main offerings include a network of lockers for easy parcel collection and sending, international express shipping, and a return service for parcels. They also offer a 'Locker as a Service' (LaaS) solution for businesses. It was founded in 2019 and is based in Riyadh, Saudi Arabia.
Smiota provides smart package lockers and automated delivery solutions across various sectors. The company offers a cloud-based platform for secure, contactless delivery and exchange of physical goods, along with real-time analytics and mailroom automation services. Smiota's products serve residential, retail, corporate, educational, and government facilities, with locker configurations for different applications. It was founded in 2015 and is based in Pleasanton, California.
Ouidrop specializes in robotic systems for the click and collect sector, focusing on automating the last mile of logistics. The company offers automated solutions for parcel delivery and collection that are designed to be ecological, reducing the environmental impact of logistics, and simple, allowing for quick and intuitive parcel retrieval. Ouidrop's systems cater to various sectors, including e-commerce and retail, providing space optimization and cost reduction in personnel. It was founded in 2017 and is based in Bordeaux, France.
BOX NOW specializes in automated parcel delivery services, operating within the logistics and supply chain industry. The company offers a network of lockers for sending and receiving packages, aiming to provide a solution for parcel delivery that is accessible 24/7. Its services cater to electronic commerce businesses, retail stores, and courier companies aiming to enhance customer experience with efficient delivery options. It was founded in 2021 and is based in Attica, Greece.
Bagaj operates as a cloud-based locker service provider. It offers locker-as-a-service by providing tailor-made lockers that are digitally encrypted. It can be used via mobile phone applications. The company was founded in 2012 and is based in Istanbul, Turkey.
alfred24 specializes in creating delivery solutions within the logistics and e-commerce sectors. The company offers a cloud-based platform and smart locker networks designed to reduce labor time and carbon emissions associated with last-mile deliveries. alfred24 primarily serves the e-commerce industry, logistics service providers, and retailers looking to optimize their delivery networks. alfred24 was formerly known as Pakpobox. It was founded in 2014 and is based in Hong Kong.
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