GLP leads $36m round for China’s Songxiaocai
Warehouse operator Global Logistic Properties (GLP) has led a RMB230 million ($36 million) investment in Songxiaocai, a business-to-business (B2B) platform that provides agricultural wholesale services to Chinese retailers.
The investment - described as the first tranche of a Series B round - also features IDG Capital, Matrix China Partners, and Puhua Capital. The proceeds will be used to add more product verticals, improve...
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