China’s industrial supply platform ZKH nets $315m led by YF Capital

Shanghai, China. Source: Robynne Hu/Unsplash

Chinese industrial products e-commerce platform ZKH Industrial Supply Co., Ltd has completed a $315 million Series E financing round led by YF Capital, a PE firm co-founded by Alibaba’s Jack Ma and David Yu in Shanghai in 2010. 

State-owned China Structural Reform Fund Corporation, and CIC International — China Investment Corporation’s overseas investment subsidiary — were the “joint lead investors”, ZKH said in a statement on WeChat on Wednesday.

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