Xingyun Group, a Shenzhen-based supply chain provider for imported goods from foreign countries, announced on Thursday that it has garnered $200 million in a Series C round of funding co-led by leading Chinese insurance player Taikang Insurance Group, healthcare-focused Highlight Capital, and Shanghai United Media Group’s joint fund Zhongyuan Capital.
The fresh round also saw participation from a group of new investors including GLP’s sub-fund Hidden Hill Capital, Morningside Venture Capital, Fivestar Holdings’ Xingnahe Capital, C&D Group’s investment arm C&D emerging industry investment, and Pantheon Asset. Existing backers MatrixPartners China and Shandong Shuyuan Capital also joined the round, according to a company statement.
