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China Digest: Vertilite, Yunyou Freight in funding news dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
China Digest: Tencent co-leads funding in Yunyou; YF Capital backs Accutar Biotech Tencent co-leads funding in Yunyou Freight Beijing-headquartered smart logistics services provider Yunyou Freight on Thursday announced that it has received “tens of millions of US dollars” in its Series B round of financing. The fresh round was jointly led by return investors Tencent and Eastern Bell Capital, per a company statement. BlueRun Ventures also re-upped in the latest transaction, the investor said in a WeChat post. Yunyou will use the proceeds for business development and market expansion. Led by Peking University alumni Jilong Zhou, Yunyou is a B2B platform that promotes digital logistics operation and management. It claims to have served nearly 1,000 companies. ....