Warburg Pincus commits $400m to China logistics business
Warburg Pincus has committed half of an $800 million round for Shanghai-based warehousing and logistics company NewEase China, which focuses on improving shipments through domestic airports and urban hubs.
The platform was founded earlier this year by Chinese entrepreneur Dongping Sun, who previously partnered with the private equity firm to launch warehouse developer e-Shang – now known as e-Shang Redwood...
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