Jolly Information Technology has contributed to a series C round worth tens of millions of dollars for logistics services provider Fengxiansheng.
China-based logistics company Fengxiansheng has raised tens of millions of dollars in a series C round that featured apparel e-commerce platform Jolly Information Technology, China Money Network reported today.
Daosheng Capital also participated in the series C round.
Founded in 2014, Fengxiansheng offers food, flowers, auto parts and documents delivery within 30 minutes. The company has a fleet of several hundred vehicles and claims to make more than 100,000 deliveries per day.
The money will help Fengxiansheng expand into Southeast…
