New Hope Group's logistics spinoff has secured $92.4m in a round featuring Longfor Group's investment arm, Longfor Capital.

Xianshenghuo, a China-based cold chain logistics provider spun off by agricultural conglomerate New Hope, closed a RMB600m ($92.4m) series A round on Monday. The capital was provided by Longfor Capital, a venture capital vehicle for real estate developer Longfor Group, as well as financial services provider Far East Horizon and CICC Capital, a subsidiary of…

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