Baidu Capital leads fundraising in Chinese start-up offering Uber type truck service

News
Corporate developments

Huochebang will use fund to strengthen platform and expand truck service business

Guiyang Huochebang Technology, also known as Truck Alliance, has raised USD156 million in series B-2 funding, China Daily reported today (3 May). The latest round of fundraising by Huochebang, which offers Uber-type service for trucks, was led by Baidu Capital, the investment arm of Chinese search engine Baidu.

Thank you for visiting S&P Global AutoTechInsight.

*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.

To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.

Already a subscriber? Please log in here

preload preload preload preload preload preload