YH Global, a Chinese supply chain management and logistics company, has raised RMB1.2 billion (US$182 million) in a series A round led by Chinese private equity firms Yonghua Capital and Co-Energy Finance.
The round, participated in by Stone Capital, Tangrong Capital and Shenzhen Grandland Group Co., Ltd., values the company at US$1 billion, according to local media reports. China Money Network could not contact YH Global to confirm the facts prior to publication.
Founded in 1997 in Shenzhen, YH Global provides supply chain management and logistics services to enterprises and e-commerce firms including Samsung, Huawei, JD.com and Alibaba. It has established logistics centers in over 50 cities in China and operates over two million square meters of warehouse space. It can handle over 10 million transactions daily, according to its website.
"In the Industrial 4.0 era, innovation of supply chain management is at the core of the future," said Yonghua Capital in a statement. "Those companies with the abilities to consolidate supply chain capabilities will become great corporations of tomorrow."
Registered as the first enterprise in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, YH Group has established its main businesses in supply chain management, third-party logistics services, airfreight logistics and cross-border e-commerce.
It plans to expand its logistics network to Southeast Asia, Russian and the Middle East, along the so-called One Belt One Road strategic initiative to facilitate increased cross-border e-commerce.