Benlai announced on late Tuesday that it has secured $200 million in a Series D1 round of financing as the Chinese fresh produce e-commerce company aims to realize overall profitability in fiscal year 2019.
The Series D1 round was led by Shenzhen Minge Holdings, a company that holds a 61.2% stake in Chinese integrated logistics service provider SF Express, with the participation of a Beijing-based investment firm whose name can be translated into Beishang Capital.
