July 25, 2017

China’s Uber for trucks, Huochebang, secures USD 156 M for Series B round, & more



Online truck logistics platform Huochebang receives USD 156 M for Series B round

Huochebang

Founder: Dai Wenjian

Founded in: 2008

Financing status: RMB 10 billion (USD 156 million) in Series B financing in 2017

Huochebang is a Chinese online truck logistics platform. It is trying to maximize the usage of cargo trucks by matching the trucks with commodities in need of transport, vacant parking lots and online service centres. It also provides follow-up services to help its customers finish their transactions better, including helping find parking lots, selling GPS and ETC (Electronic Toll Collection) devices for highway transportation and so on.The company primarily makes money from sale of toll cards and commissions on the card top-ups as well as helps truckers with financing.Based in the southwestern province of Guizhou, there are more than 37 million trucks registered on its platform as well as about 370,000 commodity owners. Huochebang has so far established 1000 direct service outlets in 360 cities across China.The platform grabbed RMB 10 billion in this Series B financing led by Baidu. The capital will be used to recruit more talent and invest in its technology to improve the user experience on its platform. Financial services company Aicai […]

From Around The Web

Sponsored Content by AdNow
loading...
About NGE Staff 9583 Articles
The News for the Gig Economy Staff is constantly searching the web for the latest news regarding freelancing and gig platforms to bring them to you in one handy place. All articles with this generic author have been sourced with the original location at the bottom of the piece. We encourage our readers to view the original source of all excerpts. NGE is a project of ARC Online, LLC.

Be the first to comment

Leave a Reply

Your email address will not be published.


*