Business-to-business petroleum marketplace Nengyuanhui has now raised more than $29m in total, with 51zhaoyou backing a round sized at about $14m.
China-based petroleum marketplace operator Nengyuanhui has raised almost RMB100m ($14.3m) in series A-plus funding from investors including energy industry services provider 51zhaoyou, DealStreetAsia reported yesterday.
The round was led by Huihe Capital, an investment firm reportedly co-founded by e-commerce group JD.com, and it included Shanghai Zhouji Tongli Asset, a subsidiary of financial services provider Far East Horizon. The company did not specify its size but said it has raised nearly RMB200m through this and a RMB100m series A.
Nengyuanhui runs…