The SF Express spinoff received tens of millions of dollars in a round featuring corporate investment vehicles Cofco Capital, CR Capital and Country Garden Venture Capital.
Corporates CR Group, Cofco and Country Garden have helped provide tens of millions of dollars in series A funding for China-based drone delivery technology provider Phoenix Wings, DealStreetAsia reported on Friday.
An unnamed strategic investor led the round, which was also backed by Everest Venture Capital and Tianqi Capital, while Taihecap facilitated the transaction.
Agribusiness Cofco, conglomerate CR Group and real estate developer Country Garden participated through Cofco Capital, CR Capital and Country Garden Venture Capital respectively.
Formed in 2018…
