Zhenkunhang finds corporate suppliers for $129m round

Aug 28, 2018 • Thierry Heles

Legend Capital and Shell China backed a series C round for industrial e-commerce platform Zhenkunhang, which raised a total of $85m last year.

China-based industrial e-commerce platform Zhenkunhang has raised $129m in a series C round co-led by Legend Capital, the venture capital firm formed by conglomerate Legend Holdings, China Money Network reported today.

Tiger Global Management co-led the round, which included Shell China, the local subsidiary of oil and gas company Shell, and Oriza Holdings, the investment arm of Suzhou Industrial Park, as well as Matrix Partners China and Eastern Bell Venture Capital.

Founded in 1996, Zhenkunhang operates an e-commerce marketplace that…

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