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

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.