Chinese Cross-border E-Commerce Logistics Provider Raises $104M To Lift Overseas Layout

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Zongteng Group, a Chinese cross-border e-commerce logistics provider, has raised RMB700 million (US$104.34 million) in a series B financing round led by Singapore-based logistics solutions provider Global Logistic Properties (GLP) and Chinese private equity firm Cathay Capital, according to a statement released on late Wednesday.

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