Logistics company Global Logistics Properties has co-led a series B round for Zongteng, a cross-border logistics services provider, with Cathay Capital.

China-based cross-border e-commerce logistics provider Zongteng secured RMB700m ($104m) yesterday in a series B round co-led by logistics company Global Logistic Properties and private equity firm Cathay Capital. Venture capital firm Eastern Bell Venture Capital also contributed to the round, having led the company‚Äôs $14.9m series A in 2018. Zonglink Capital and Qianhai Mergers and…

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