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GLP-backed Chinese logistics player ZJS Express bags $153m in Series B round
April 14, 2021
ZJS Express, a Beijing-based logistics and delivery services operator, announced on Tuesday that it has raked in nearly 1 billion yuan ($153 million) in a Series B round of financing.
The funding round saw participation from new investors Sino-Ocean Capital, an alternative asset manager with over 100 billion yuan ($15 billion) in assets under management, and Ningbo Hanrun Investment, besides returning backer Gaolin Capital.
With the latest proceeds, ZJS plans to shore up its smart supply chain and deliver better-integrated delivery services for enterprises, it said in a WeChat post.
In 2018, ZJS had secured 1.2 billion yuan ($183 million) in a Series A round funding from Gaolin Capital, biological medicine-focused Tasly Holding Group, Haier Financial Holdings’ Haichuang Funds of Funds, and the logistics and infrastructure-led investor GLP, among others. ....

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