Chenhui Venture Partners has led a series B+ round in FineEx.com, a Shanghai-based logistics service provider that focuses on serving Chinese e-commerce firms including Alibaba Group.
A number of existing Chinese RMB funds also participated, but their identities could not be verified. No financial details were disclosed.
Founded in 2006, FineEx.com is the earliest logistics service outsource company tailored to e-commerce firms.
Its one-stop solution includes supply chain management, logistics, IT infrastructure, warehouses management and dispatch services.
"Consumer upgrade and distribution revolution will be two key themes in China going forward," said Li Pingyi, chief executive of FineEx.com. "We will focus on providing comprehensive lo...
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