A subsidiary of Sino-Ocean Group has led a $50m series B round for Manbang-backed aftermarket automotive services provider Jybd.
Jybd.cn, a China-based automotive aftermarket services provider backed by trucking services marketplace Manbang Group, has closed a RMB350m ($50m) series B round, China Money Network reported today.
The round was led by Sino-Ocean Capital, an investment arm of diversified holding company Sino-Ocean Group. The company had previously raised $46m in series A funding from Manbang in July 2018.
Founded in 2017 and owned by Jiayi Bingding E-commerce, Jybd has built an online-to-offline platform that connects automotive parts manufacturers to…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
