trending Market Intelligence /marketintelligence/en/news-insights/trending/npwaufaucbkiksh3qmfkaa2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Chinese Uber-type truck service reaches $1B valuation

State Of Singapore Online Video Subscription

Power Forecast Briefing: Capacity Shortfalls to Test the Renewable Energy Transition

Episode 43 - More Change, M&A On Horizon For Equity Research Industry

Cable Nets Struggle With Little Revenue Growth Expanding Programming Budgets


Chinese Uber-type truck service reaches $1B valuation

Huochebang, an Uber-type service for trucks in China, raised around $115 million in its latest funding round for a valuation of $1 billion, Bloomberg reported Dec. 22.

Formally known as Truck Alliance Inc., the startup is backed by Tencent Holdings Ltd. and investment management firm Hillhouse Capital Group Ltd.

It reportedly saw new investors International Finance Corp. and All-Stars Investment Ltd. join the funding round. Tencent, Genesis Capital LLC and DCM Ventures also took part.

The truck-ordering service coordinates 2.3 million trucks across China and takes as many as 100,000 transport orders daily, according to the report.