CDB Capital, GLP Invest $45M In Chinese Logistic Data Firm G7

China Development Bank's private equity arm, China Development Bank Capital Corporation Ltd. (CDB Capital), and Singapore-based Global Logistic Properties Ltd. (GLP) have completed a US$45 million strategic investment in Beijing-based logistics big data company G7.

At the same time, G7 formed strategic partnerships with Indiana-based diesel and natural gas engines company Cummins Inc. and Brussels-based commercial vehicles safety technology company Wabco to collaborate on engine data and truck data information sharing.

Founded in 2010, G7 operates similarly to global peers such as Navman wireless, Mix, Omnitracs, Telogis and Fleetmatics, providing real time tracking, analysis and management of trucking fleets.

Its product "G7 Smart Box" can provide logistics companies real-time data on their truck fleets, including location, speed, ...

This news article comes via , who is the copyright owner of this information and news. has licensed the rights to this article and any republication or re-distribution in whole or in part of this content is strictly prohibited without the express consent of China Money Network

You May Also Like