Tencent joins Zhenkunhang's $160m series D funding

Chinese industrial products supplier introduces the tech giant as a new investor as it continues its transformation from old-economy company into a fully fledged online distributor.

Danny Leung

June 18, 2019

Chinese technology giant Tencent made a rare foray into the manufacturing sector by leading a $160 million funding for industrial product supplier Zhenkunhang, underlining its intention to help transform the industrial product supplier with the power of technology.

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