China Digest: JD.COM invests in Giga Cloud; Jiangxing Intelligence bags nearly $15m

China Digest: JD.COM invests in Giga Cloud; Jiangxing Intelligence bags nearly $15m

Giga Cloud Logistics

Giga Cloud Logistics has secured 260 million yuan ($40 million) in new funding from JD.COM and Oriza Holdings, while Jiangxing Intelligence has raised nearly 100 million yuan ($15 million) in its Series A+ round led by Poly Capital.

JD.COM invests in Giga Cloud Logistics

Crossborder business-to-business (B2B) logistics solutions provider Giga Cloud Logistics Inc. has announced the completion of a 260 million yuan ($40 million) funding round from Chinese e-commerce conglomerate JD.COM and Oriza Holdings, an investment firm with over 50 billion yuan ($7.6 billion) in assets under management.

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