Cathay Capital Leads US$14 Million Series A+ Round for Yimidida (Asia)
Source: China Money Network | Author(s): Li Dongmei
Cross-border private equity firm Cathay Capital Private Equity has led a CNY100 million (approximately US$14 million) Series A+ round in China-based Yimidida, an online logistics platform providing crowd-sourced delivery services in China’s small counties and villages. Existing investors China-focused venture capital firm Source Code Capital and Singapore-based Global Logistic Properties (GLP) also participated in the round. The new funding follows Yimidida’s Series A round, which was announced in September 2016.