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Announced

Sino-Ocean and Ningbo Hanrun led a $153m Series B funding round in GLP-backed ZJS Express.

Financials

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Transaction Value£110m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Private

Friendly

Venture Capital

Acquisition

Private Equity

Minority

China

Domestic

Third Party Logistics (3PL)

Completed

logistics

trucking

Synopsis

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Sino-Ocean and Ningbo Hanrun Investment, the two venture capital firms, led a $153m Series B funding round in Gaolin Capital-backed ZJS Express, a Beijing-based logistics and delivery services operator. With the latest proceeds, ZJS plans to shore up its smart supply chain and deliver better-integrated delivery services for enterprises. Now, ZJS is ramping up efforts to spruce up its capacities in IT infrastructure, supply chain finance, and market expansion.

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