New Hope Liuhe-backed Dong Pinhui has collected $14.3m to drive geographical and product expansion.
China-based frozen food supply chain services provider Dong Pinhui collected almost RMB100m ($14.3m) on Thursday in a series A-plus round led by China Merchant Capital, a division of financial services firm China Merchants Bank.
Founded in 2016 and formally called Chongqing Ge Yunwo Network Technology, Dong Pinhui provides internet-driven supply chain services including integration, digitisation and financing to frozen food vendors in more than 100 Chinese cities.
Dong Pinhui’s service is currently geared towards markets in southwest China, however the…
