Private equity firm Rainbow Capital and logistics solution provider GLP have led a US$150 million series C round in 51zhaoyou.com, a business-to-business petroleum e-commerce platform. Tide Capital, Oceanpine Capital, and existing investors including GGV Capital, DCM, SIG, Sky9 Capital and Yunqi Partners, also participated in the round, according to 51zhaoyou.com’s announcement. Founded in 2015, 51zhaoyou.com is a B2B petroleum trading platform, offering diesel, gasoline and kerosene. Its business includes petroleum trading services, logistic and financial services. The company currently has …

GLP, Rainbow Capital Lead $150M Series C Round In B2B Petroleum Platform 51zhaoyou.com appeared first on China Money Network.