China: GLP leads $36m Series B investment in Songxiaocai

China: GLP leads $36m Series B investment in Songxiaocai

Organic peppers sit inside baskets in a greenhouse at a showcase farm operated by Penglai Hesheng Agricultural Technology Development Co. in Penglai, Shandong Province, China, on Thursday, Feb. 16, 2017. Photographer: Qilai Shen/Bloomberg

Logistics major Global Logistic Properties (GLP) has led an RMB230-million ($36 million) Series B funding round in Songxiaocai, a business-to-business (B2B) platform which offers agricultural wholesale services to Chinese retailers, according to a statement.

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