China logistics player Yimidida raises $140m
Yimidida, a Chinese logistics platform has raised RMB1 billion ($140 million) in an extended tranche of Series D funding. The round took place in parallel with the firm’s acquisition of Shanghai-based UC Express.
Participants in the funding round were not disclosed. Yimidida has raised RMB4 billion across seven rounds to date. Its backers include China Renaissance K2 Ventures (K2VC), Sino-Ocean Capital, CDH Investments,...
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