Bertelsmann and Tencent returned for supply chain financing provider Linklogis' $220m series C round, which also attracted fellow corporates GLP and Skyworth.
China-based supply chain finance provider Linklogis has closed a $220m series C round backed by logistics services provider GLP, consumer electronics manufacturer Skyworth and internet company Tencent, China Money Network reported yesterday.
Bertelsmann Asia Investments (BAI), a corporate venturing division of media group Bertelsmann, also participated in the round, which was led by Singaporean sovereign wealth fund GIC.
The round was filled out by state-owned investment group Citic Capital, private equity investment manager Loyal Valley Capital, investment group China Oceanwide…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
