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By Runhua Zhao / Jan 15, 2019 11:04 AM / Business & Tech

Photo: VCG

Photo: VCG

Chinese supply chain logistics company and delivery service Shanghai Yimi Dida has received 1.8 billion yuan ($266 million) in series D investment, the company announced Monday.

Institutional investors include Boyu Capital, Hopu Capital, GLP Capital and Source Code Capital.

This is Yimi Dida’s sixth round of investment since its founding in 2015, and brings its total investment so far to around 3 billion yuan, according to public information.

Yimi Dida will use the new capital injection will to acquire institutional clients, construct key delivery stations and develop new technology, Chinese media reported

Related: Chart of the Day: China’s Delivery Boom

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