The Chinese courier service, 60% owned by counterpart STO Express since 2012, has raised capital in a Qingdao Haier-backed series A round.
China-based courier service Tian Tian Express has raised RMB600m ($92m) in what it has called a series A round, which was backed by home appliance manufacturer Qingdao Haier, China Money Network reported today.
CICC Qianhai Development Fund, a joint venture between investment bank China International Capital Corporation and Shenzhen Municipal Government agency Qianhai Financial Holdings, led the round according to Chinese state news agency Xinhua.
The round also included Zhejiang Chengxiang Investments, possibly an affiliate of fur clothing provider Zhejiang…
