What truck app's huge haul says about China's logistics boom

Softbank, Alphabet and Tencent join venture capital, private equity firms to pump $1.9 billion into truck-hailing portal Manbang. The deal underlines the heat around China's logistics sector.

Danny Leung

April 24, 2018

A star-studded consortium involving Softbank, Alphabet, and Tencent is set to invest $1.9 billion in truck-hailing platform Manbang Group, marking the Chinese logistics sector's second billion-dollar private fundraising in three months.

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