Shenzhen Grandland Group has taken part in a series A round for supply chain services provider YH Global, which operates logistics centres in more than 50 Chinese cities.
China-based logistics services provider YH Global has secured RMB1.2bn ($182m) in a series A round that included interior design and construction firm Shenzhen Grandland Group, China Money Network reported today.
The round was co-led by private equity firms Yonghua Capital and Co-Energy Finance, with additional participation from Stone Capital and Tangrong Capital. YH Global is now valued at $1bn, according to local media reports.
Founded in 1997, YH Global operates logistics centres in more than 50 cities across China. It…
