Ant Financial co-leads $114m funding in Chinese logistics firm Keking

Ant Financial co-leads $114m funding in Chinese logistics firm Keking

Shanghai-headquartered cloud-based logistics services provider Keking has completed a RMB1 billion ($144-million) Series C funding round led by Alibaba’s Ant Financial and Centurium Capital.

Other investors including Sequoia Capital China, Tebon Securities and Shanghai Tengyi Industrial also participated in the financing.

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