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, 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 participants include IDG Capital and China Railway Supply Chain Group, as well as Chinese investment funds TI Capital, Oriza Holdings and China Capital Investment Group, an investment fund under China International Capital Corporation.

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