CIC and China Structural Reform Fund Participate in Series E in ZKH Industrial Supply
Posted on 10/28/2020
Shanghai-based ZKH Industrial Supply Company Limited, an industrial products e-commerce platform, raised US$ 315 million in a Series E round. The Series E round was led by private equity firm YF Capital. YF Capital was co-founded by Jack Ma (founder of Alibaba) and David Yu in 2010. In addition, CIC Capital, a unit of the China Investment Corporation (CIC), and China Structural Reform Fund Corporation participated in the Series E round.
GLP-C&D Equity Fund (owned by logistics company GLP and Xiamen C&D Group) and Xiamen C&D Inc. are new investors, participating in the Series E round. Existing investors who re-upped include Tiger Global Management, Tencent Holdings Limited, Legend Capital, Genesis Capital, MatrixPartners China, Eastern Bell Capital, and Shenzhen-based Cowin Capital.
China Renaissance was the advisor on the Series E round.
In 2019, ZKH Industrial Supply Company Limited raised US$ 160 million in a Series D round from Tencent Holdings Limited, MatrixPartners China, Eastern Bell Capital, Legend Capital, and Shang Qi Capital.
In 2018, ZKH Industrial Supply Company Limited raised US$ 129 million in a Series C round from Shell, Tiger Global Management, Oriza Holdings, and other investors.
