(Yicai Global) Feb. 20 -- China's Yunquna, a one-stop international logistics platform, has  completed B2 financing worth tens of millions of dollars, led by global  Coatue Management along with previous investors DCM Ventures, China  Merchants Innovation Investment Management and Source Code Capital.

Shanghai-based Yunquna will use the new funding to upgrade research and development  capabilities, as well as its overseas network, founder and Chief  Executive Zhou Shihao, told Yicai Global.

The new investment round for Yunquna, an affiliate of Huihang Jiexun  Network Technology, comes three months after its B1 round, led by  Sumitomo Corporation Equity Asia. The firm has closed four rounds to  date. 

The  company has been focusing on building an overseas service network in  recent years. It has set up branches at major global ports in Shanghai,  Ningbo, Shenzhen, Qingdao and Tianjin, as well as a Latin America  headquarters in Mexico. The company will apply overseas experience in  other countries including Vietnam, Thailand, Djibouti and the US this  year, while improving services at destination ports through  systematically integrating local high-quality logistics resources.

Yunquna has partnered large shipping companies and logistics groups such as  COSCO Shipping, Maersk Line and Sinotrans Air Transportation  Development, forming a shipping and air transportation network  connecting China with the rest of the world. 

It  has also developed a series of innovative products including  first-class consolidated shipments, first-class less-than-containerload  and first-class air transportation, while also realizing online quotes,  ordering, and tracking.

Editor: William Clegg