Shanghai Xiangyu Logistics Development Co., Ltd. announced a that it will receive CNY 386 million in an equity round of funding on December 21, 2020. The transaction will include participation from returning investor Xiamen Xiangyu Co., Ltd. (SHSE:600057). Pursuant to the transaction, the registered capital of the company will increase from CNY 36.8 million to CNY 105.14 million. The transaction has been approved by investors eighteenth meeting of the eighth session of the board of directors.