China-based delivery services company Lalamove has secured USD300 million in a two tranches Series D funding round led by China-focused private equity fund manager Hillhouse Capital and global venture capital firm Sequoia Capital. Other participants in the round include private equity and venture capital fund managers Eastern Bell Venture Capital, Shunwei Capital Partners, PV Capital, Xiang He Capital, 01 Venture Capital, and MindWorks Ventures. Currently operating in 11 cities in Asia, the company plans to use the capital to expand in mainland China, Southeast Asia, and India and to develop new business segments, including corporate logistics services and auto sales.