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.
