Everbright ReinFore Leads $102M Round In Convenience Store Supply Chain Start-Up DS365

Everbright ReinFore, a private equity unit under Everbright Financial Holding Asset Management, has led a RMB700 million (US$102 million) series B funding round in DS365 Technology, a convenience store supply chain service provider in China.

China UCF Group Co., Ltd., a Chinese financial services provider also participated in the round.

The company completed a RMB170 million (US$25 million) series A round from four Chinese investors and companies in February this year.

"DS365 is the best B2B platform we see in the sector," said Xu Fang, managing partner at Everbright ReinFore. "We invested in the company because we are optimistic about its business model, team and execution capabilities."

Founded in 2014, Beijing-based DS365 provides supply chain management for fast-moving consumer goods, transaction platforms and logistic s...

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