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With the latest seasonal fruits like lychees and cherries hitting the market, a number of logistics companies have launched special flights to ship the sought-after commodities in a timely manner from Guangdong province to various destinations nationwide.
The company will use the proceeds to spruce up product R&D and service support.
ZTO Freight's earlier investors include Sequoia Capital China, CDH Investments, and Jack Ma-backed Yunfeng Capital.
China Digest: Innovusion, Mooe Robot in funding news March 9, 2021 Innovusion has raised $60 million from Temasek, BAI and Joy Capital. In a separate development, Mooe Robot has pocketed nearly 100 million yuan ($15 million) in a new funding round. Innovusion nabs $60m in new funding Innovusion, a developer of LiDAR technology for autonomous vehicles, has garnered $60 million in a new funding round, bringing its total market valuation to $300 million, according to a report by AVCJ. Singapore’s state investment firm Temasek, Bertelsmann Asia Investments (BAI) and China’s TMT-focused vent...
Chinese IoT Platform Rootcloud Raises $122m Series C Led by IDG Capital By DealStreetAsia / Dec 18, 2020 05:52 PM / Finance Guangzhou-headquartered IoT platform Rootcloud announced on Thursday that it has closed a Series C round of financing raising 800 million yuan ($122 million) led by Beijing-based global investment and asset manager IDG Capital. Tencent; manufacturing-focussed China Cinda Asset Management’s joint fund Jian Xin Jin Yuan Investment; and Tianya Capital. Existing backer ZWC Partners — a China and Southeast Asia-focused Chinese VC fund that achieved a first close o...