Benlai raised $200m in a financing round.

Benlai, a Chinese fresh produce e-commerce platform, raised $200m in a financing round. Mingde Holdings, a shareholder in delivery giant SF Express, led the round, joined by state-backed Beishang Capital as well as returning investors CDH Investments and Gaorong Capital. Benlai expects the new tie-up with SF Express to bring more support in logistics and the supply chain, a crucial factor for fresh produce platforms. The firm will use the proceeds to further boost the development of the group’s online-to-offline and business-to-consumer businesses.