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Temasek leads $50m funding in Chinese container truck fleet operator Duckbill


Temasek leads $50m funding in Chinese container truck fleet operator Duckbill
Photo: Duckbill
March 17, 2021
Singapore state investor Temasek Holdings Limited has led a $50 million new funding in the Shanghai-based container truck fleet operator Duckbill Inc, according to a company statement on Tuesday.
The fresh funding, which the company claims is the largest single fundraising in the industry in China, brings the total corpus raised by Duckbill to nearly $100 million.
The latest round was joined by Pavilion Capital, a Singapore-based, growth-stage venture investor that targets companies in the US and Asia. Returning investor Future Capital also made a follow-on investment.
Duckbill will continue to align its R&D capacity with new generation logistics management systems, while it also plans to facilitate its digital transport networks, it said after the fundraising. ....

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China Digest: YanRong Tech, Sinovation in funding news


China Digest: YanRong Tech, Sinovation in funding news
February 3, 2021
YanRong Tech has closed a 120 million yuan ($19 million) funding in its Series A+ round led by Oceanpine Capital. In a separate development, NYSCPS has raised $10 million in its Series A+ round from Sinovation Ventures and others.
YanRong Tech nets $19m in Series A+
China’s next-generation cloud storage solutions developer YanRong Tech has closed a 120 million yuan ($19 million) funding in its Series A+ round led by Oceanpine Capital, per a company statement on Wednesday.
The Series A+ round saw the participation from Shenzhen-based Cowin Capital and UCAP – Oceanwide Fund, a joint fund co-launched in 2020 by UCAP Cloud Information Technology and China Oceanwide.  ....

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