How a 22-year-old Chinese firm is raising cash like a startup

Industrial products supplier Zhenkunhang embraced technology to transform its operations. Investors have responded with enthusiasm, financing a third funding round in two years.

Shanghai-based Zhenkunhang raised $129 million on Tuesday in what is the largest ever private fundraiser by a Chinese industrial product supplier — offering a textbook example of how a traditional company can find success by embracing technology.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media