BOCG Investment was among the participants in a round that will fund technology and strategic investments for the Haier-backed logistics service.

Dekun, a China-based logistics services provider backed by electrical appliance manufacturer Haier, has closed a RMB500m ($70m) funding round, DealStreetAsia reported on Wednesday.

The funding was secured in the middle of this month and supplied by investors including BOCG Investment, a subsidiary of financial services group Bank of China, while Genesis Capital and Chessboard Investment Management were advisers on the transaction.

Founded in 2016, Dekun provides cargo transportation and express delivery in addition to warehouse and storage services, shipping insurance…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.