The GLP-backed international logistics provider raised $71.1m in a Taikang-led round that will support a global expansion.
Insurance group Taikang has led a RMB500m ($71.1m) series C1 round for China-based cross-border services provider Zongteng Group, DealStreetAsia reported yesterday, citing an official announcement.
Real estate developer and supply chain services provider Xiamen C&D also participated in the round, as did venture capital firm Zheshang Innovation Capital, investment firm Fuzhou Financial Holdings and JAHG.
Zongteng provides cross-border logistics services for e-commerce retailers from a base that spans 33 countries. It offers warehousing and fulfilment, supply chain optimisation and product…
