Star Era completes $200 million financing round, led by SF Express Group

Star Era recently announced the completion of a new round of financing of US$200 million, led by SF Express Group, with joint investment from well-known financial institutions such as Sequoia China and IDG Capital, and participation from several leading industry players including Kejie Intelligent and Dongfeng Investment. Existing shareholders Tsinghua Holdings and Hongruida also continued to increase their holdings. This is another huge financing round following the previous round of financing of RMB1 billion.