Chinese cloud-based frozen goods logistics service platform dph168.com said it has received 100 million yuan ($14 million) in its Series A+ round led by China Merchants Capital, according to a media statement.
Dph168 has secured a total of five rounds of financing since it was founded in 2015. The current funding proceeds will be used to accelerate its expansion in China.
The Chongqing-based startup is targeting to create a high-efficient frozen goods logistics chain with the use of e-commerce, cloud computing and big data.
CHINA DEAL MONITOR
DealStreetAsia has also put together a table listing out all prominent venture capital transactions in the Greater China region from November 7-8, 2019.