The logistics platform has raised $44.3m in a series B round that included Global Logistic Properties, the delivery firm that backed its $14m series A+ round this past December.
China-based logistics services platform Yimidida has received RMB300m ($44.3m) in a series B round that included logistics firm Global Logistic Properties (GLP), China Money Network reported today.
The round was led by alternative asset management firm CDH Investments and included Tuofeng Investment and venture capital firms Source Code Capital and K2VC.
Founded in 2015, Yimidida operates a last-mile delivery network aimed at small towns and villages across China. The company has expanded into 3,000 locations, covering some 70% of rural…