Jusda fundraising reinforces China’s B2B logistics draw

The eight-year-old company completed a $356 million funding round, signaling that investors are ready to unlock more value in China’s under-penetrated B2B logistics market.

Jusda fundraising reinforces China’s B2B logistics draw

Jusda, a supply-chain management platform under Foxconn Technology Group, has raised Rmb2.4 billion $356 million, illustrating how private investor interest in some niche Chinese areas remains strong.

In what is China’s largest private fundraising deal so far this year, the Chengdu-headquartered company said on Tuesday that it had put together a decent roll of domestic investors to its series A round of funding, headed by China Life Insurance.

Other investor...

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