Logistics company Global Logistics Properties has co-led a series B round for Zongteng, a cross-border logistics services provider, with Cathay Capital.
China-based cross-border e-commerce logistics provider Zongteng secured RMB700m ($104m) yesterday in a series B round co-led by logistics company Global Logistic Properties and private equity firm Cathay Capital.
Venture capital firm Eastern Bell Venture Capital also contributed to the round, having led the company’s $14.9m series A in 2018. Zonglink Capital and Qianhai Mergers and Acquisitions Funds had previously invested an undisclosed amount in Zongteng in 2016.
Founded in 2007, Zongteng provides logistics services for e-commerce companies. It operates some…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
