GLP-backed Chinese logistics player ZJS Express bags $153m in Series B round

ZJS Express, a Beijing-based logistics and delivery services operator, announced on Tuesday that it has raked in nearly 1 billion yuan ($153 million) in a Series B round of financing.

The funding round saw participation from new investors Sino-Ocean Capital, an alternative asset manager with over 100 billion yuan ($15 billion) in assets under management, and Ningbo Hanrun Investment, besides returning backer Gaolin Capital.

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