New Hope Group's logistics spinoff has secured $92.4m in a round featuring Longfor Group's investment arm, Longfor Capital.
Xianshenghuo, a China-based cold chain logistics provider spun off by agricultural conglomerate New Hope, closed a RMB600m ($92.4m) series A round on Monday.
The capital was provided by Longfor Capital, a venture capital vehicle for real estate developer Longfor Group, as well as financial services provider Far East Horizon and CICC Capital, a subsidiary of investment banking group China International Capital Corporation.
Founded in 2016, Xianshenghuo runs an intelligent online platform called Yunlizhi that enables users to book transportation for…
