The company is also in the early stages of evaluating a potential listing in Hong Kong in the second half of next year, the people said.
No final decision has been made as considerations are preliminary, and details such as the size of the fundraising could still change, the people said.
Foxconn spokesman Jimmy Huang said Jusda has no plan for an IPO right now, and declined to comment on the fundraising.
Jusda has more than 2.5 million square meters of warehouse space at 150 locations around the world, with over 1,500 air, ocean and truck routes, according to its website. Besides managing the transportation of goods for Foxconn, which is the largest assembler of Apple Inc.’s iPhones, it also serves as a logistics platform for more than 1,000 global brand customers. It raised about 2.4 billion yuan in a series A round in 2019, the website shows.
