Cold chain specialist Jiuye gets financial backing for expansion in China

Shanghai-based perishable storage and delivery start-up Jiuye Supply Chain Management has raised US$28m in a series-B financing round to aid its rapid growth across the country.

Founded in July 2014, Jiuye has swiftly expanded on the back of huge demand for cold chain logistics in China, with the company making over 100,000 last-mile deliveries a day at peak volume.

Sales director Sandy Tu told The Coolstar Jiuye’s customers included producers of fruits, vegetables, flowers, fish and meat.

“Most of our customers have a factory and ...