G7 raises a record $320 million

Chinese logistics companies can do no wrong. Fleet management service provider G7 has raised a record $320 million, the fourth such company to do so in the past two months.

G7 raises a record $320 million

Fleet management service provider G7 has finished a new round of fundraising with a record $320 million from multiple investors.

The round was led by Hopu Fund along with China Broadband Capital, Mountain Morning Capital, Intelligent Fund of Funds, Total Energy Ventures, the venture capital arm of oil company Total, and TH Capital. Existing investors GLP, Bank of China Group Investment and Tencent also participated.

Beijing-based G7 claims that this...

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