GLP, SinoOcean double-down on Juma's lorry logistics

After another round of funding, Juma Group plans to develop alternative energy truck services and expand its logistics network nationally.

Juma Group completed it's seventh round of funding in three years on Monday, ramping up efforts to lead a revolution in Chinese trucking with the aid of high-profile shareholders Global Logistic Properties GLP and SinoOcean Capital. 

The Chinese lorry logistics company raised a further Rmb1.5 billion $216 million through the Series C round of fundraising as it looks to develop alternative energy truck services, hook up to autonomous driving technology, and expand its logistics network nationally.
 
GLP took part, having previously joined a $64.8 million B round investment in May 2017, as did SinoOcean, the investment arm of property...
¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222