China Digest: GIC leads Linklogis round; Sequoia backs Ksher; XTransfer bags $10m

Investors continue to back promising Chinese startups, with Chinese supply chain fintech firm Linklogis and cross-border mobile payment service provider Ksher raising a total of $230 million in fresh funding from GIC and Sequoia Capital, respectively. Meanwhile, China Merchants Group has led a $10 million series A financing round in XTransfer, a Shanghai-based cross-border payment platform for exporters.