China-based Keking, a logistics information and services platform operator, has raised 1 billion yuan ($144 million) in a Series C funding round.

The round was led by Alibaba’s unit Ant Financial and Centurium Capital with participation from Sequoia Capital China, Tebon Securities and Shanghai Tengyi Industrial.

With the financing, Alibaba’s strategic collaboration with Keking will form a platform of data, technology and financial services that best suits micro, small and medium enterprises as well as the drivers.

In 2016, Keking raised $29 million in a Series B funding round.