For Immediate Release

San Francisco, CA (April 19, 2010) - Walden International (WI), a leading global venture capital firm, announced today the successful closing of a Series B round of financing in Best Logistics Technologies Limited ("Best Logistics"). The new financing round was co-led by Walden International and CDH.

Mr. Bill Li, Managing Director of Walden International, will join the Company's Board of Directors. "Best Logistics in addressing a huge and fast-growing market, which is highly fragmented and inefficient. The Company has a potential to become a leading logistic service company as well as the backbone of e-commerce," commented Mr. Li.

Best Logistics Technology Limited provides an integrated logistics service solution for enterprise and e-commerce through innovative technology and business model with nationwide service network. Founded in 2007 and headquartered in Hangzhou, China, Best Logistics aims to become the leading provider of logistics service and logistics information in China. "I am very pleased to have the support of a global firm like Walden International and to have Bill on the Board. Leveraging Walden's global network and Bill's industry experience, I am very confident that we can grow Best Logistics into a leading logistics management company in China and eventually expand to other countries around the world," said Mr. Johnny Chou, Founder and CEO of Best Logistics.

About Walden International

WI is a leading international venture capital firm that provides investors access to cross-border, IT opportunities with the advantage of an unrivaled Pan Asia network since 1987. The firm's funds total over US$1.9 billion in committed capital. WI's investments include Creative Technology (SGX: CREAF SP), MindTree Consulting (BSE: MTCL IN), SINA (NASDAQ: SINA), Semiconductor Manufacturing International Corp. (NYSE: SMI and HKSE: 0981.HK), WebEx (acquired by Cisco). For more information, please visit www.waldenintl.com.

About Best Logistics Technologies Limited

Headquartered in Hangzhou, China, Best Logistics is one of the leading providers of logistics management system. The Company provides an integrated logistics service solution for enterprise and e-commerce through innovative technology and business model with nationwide service network. For more information, please visit www.800best.com.