Shenzhen Baijiada Supply Chain Management Co., Ltd. announced that it will receive CNY 400,000,000 in its equity round of funding from existing investor, Nuode Investment Co., Ltd. (SHSE:600110) on December 5, 2016. The investor will continue to hold 100% stake in the company. The registered capital of the company will increase from CNY 100,000,000 to CNY 500,000,000 upon closing. The transaction has been approved at the 31st session of the 8th directorate meeting of the investor and is also subject to the approval of its shareholders.