JD Logistics Leads $23M Financing Round In Chinese Truck Logistics Firm Fuyoukache


Chinese e-commerce firm JD.com’s logistics subsidiary, JD Logistics, has led a RMB150 million (US$23 million) financing round in truck logistics firm Fuyoukache to strengthen its capabilities, the company announced on its official Wechat account.  Existing investors Legend Capital, Eastern Bell Venture Capital and Singapore-based Global Logistic Properties Ltd. (GLP) also participated in the round, which brings Fuyoukache’s total series C to US$59 million after its RMB250 million (US$36 million) series C round led by Legend Capital completed in March 2017. JD.com has …

JD Logistics Leads $23M Financing Round In Chinese Truck Logistics Firm Fuyoukache appeared first on China Money Network.


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