China truck smart devices manufacturer raises $200m
G7 Networks, a Chinese company that uses smart devices to track cargo trucks, has raised a USD 200m round led by Trustbridge Partners, and State Development & Investment Corporation (SDIC). Several existing investors re-upped.
The company's previous funding round came in 2018, when Hopu Investment led a USD 320m commitment. This followed two rounds in 2017: a USD 70m investment led by warehouse operator GLP and a direct investment...
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