How a 22-year-old Chinese firm is raising cash like a startup

Industrial products supplier Zhenkunhang embraced technology to transform its operations. Investors have responded with enthusiasm, financing a third funding round in two years.

Shanghai-based Zhenkunhang raised $129 million on Tuesday in what is the largest ever private fundraiser by a Chinese industrial product supplier — offering a textbook example of how a traditional company can find success by embracing technology.

¬ Haymarket Media Limited. All rights reserved.

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