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 logistic services to the new retail business models of the future."
FineEx.com currently has over 500,000 square meters of warehouse space around the country, and plans to expand to three million square meters in the next three years.
The company previously raised a series A and B funding round in 2011 and 2013 from undisclosed investors. It's unclear how much funding it raised in those two transactions.
Chenhui Venture Partners was established in 2015 by Yan Xiaoping, an executive previously at CDH Venture and Shenzhen Fortune Venture Capital.
The firm focuses on growth-stage and buyout opportunities in the TMT (Technology, Media, Telecom) and consumer sectors in China.