China Digest: Qingzuan inks pact with AJJ; Shenzhen Capital Group backs biotech startup

China Digest: Qingzuan inks pact with AJJ; Shenzhen Capital Group backs biotech startup

Pufa Tower in Shanghai, China.

Qingzuan Supply Chain has signed a strategic agreement with Suzhou-headquartered AJJ to jointly invest 1 billion yuan ($142 million). In a separate development, Shenzhen Capital Group has co-led a $14 million funding in biotech startup Zhimeng Biopharma.