YF Capital, a private equity firm, led a $315 Series E round in ZKH Industrial Supply, a Chinese e-commerce platform. Entities like state-owned China Structural Reform Fund, CIC Capital, GLP-C&D Equity Investment Fund, and Xiamen C&D also participated in the round. The fundraise also saw participation from existing investors Eastern Bell Capital, Genesis Capital, Tencent, Tiger Management, Matrix Partners China, Legend Capital, and Cowin Capital. With the capital injection, the company will expand its presence, develop its services and products, as well as build its team.