GLP, Bank of China unit make $70m strategic investment in Beijing-based G7 Networks

The intersecting network of logistics in Industry 4.0

Singapore’s Global Logistics Properties (GLP) and Bank of China Group Investment Ltd., a wholly owned investment subsidiary of Bank of China, have made a $70-million strategic investment in Beijing-based fleet management firm G7 Networks.

Earlier this year in February, G7 had raised $45 million from GLP and China Development Bank Capital Corporation Ltd. This latest round brings it aggregate funding to more than $190 million.

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