FW: Foxconn spin-off JUSDA raises $356 million to provide visibility in B2B supply chains

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Vishnu Rajamanickam reports for FreightWaves: “JUSDA, a supply chain platform that spun off Foxconn Technology Group, has raised $356 million in its Series A round – the largest private fundraising deal to happen in China this year. JUSDA works on business-to-business (B2B) supply chains, managing the movement of components to the manufacturing floor, and from the manufacturer to the end-consumer. The financing round was led by China Life Insurance Company with participation from China-based companies like China Railway Supply Chain Group, IDG Capital, and Ti Capital, indicating strong investor interest in unlocking value across the Chinese manufacturing market.”