Cold storage solutions provider Qianhai Yueshi bags $85m ahead of IPO

Cold storage solutions provider Qianhai Yueshi bags $85m ahead of IPO

Shenzhen, China. Photo by Robert Bye on Unsplash

Yue Shi SCF, which offers AI-powered solutions for the management of cold storage supply chains, has secured 620 million yuan ($85.8 million) in a Series B financing round led by COFCO Capital (HK), an investment arm of the Chinese food manufacturer COFCO Group.

Edited by: Pramod Mathew

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