Addor Capital Joins $32M New Funding Round In FineEx

Shanghai-based FineEx, a comprehensive logistics services provider, has completed RMB200 billion (US$32 million) new round of financing from Chinese logistics firm Transfar and Addor Capital.

Founded in 2006, FineEx previously received tens of millions RMB in funding from Japanese outsourcing firm Transcosmos last year, according to Chinese media reports.

FineEx focuses on providing comprehensive logistics support and solutions to e-commerce companies, mostly on Alibaba Group Holding’s T-mall platform.

It currently operates 12 warehouses and serves 200 brands, mainly apparel and fast-moving consumer goods, according to its website.

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