Legend Capital has led a RMB250 million (US$36 million) series C round in Beijing-based truck logistics company Fuyoukache, according to Chinese media reports.
Zhen Fund, Jiangxi-based AVIC Trust, a trust company established by Aviation Industry Corporation of China (AVIC), as well as existing investors Eastern Bell Venture Capital and Singapore-based Global Logistic Properties Ltd. (GLP) also participated in the round.
The company also received RMB300 million (US$43 million) debt financing from AVIC Trust and GLP, according to the reports.
Founded in 2014, Fuyoukache provides long distance truck logistics services to enterprises, individuals and large third-party logistics companies, connecting truck drivers with those in need of logistic services via its online platform.
It operates in 31 provinces in China, and has partnered...
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