Private equity firm QJY Capital invested the money, which follows roughly $138m from investors including Do-Fluoride Chemicals and Haijing.
Wuhan Banma Kuaipao Technology, a China-based ride hailing service backed by corporates Do-Fluoride Chemicals and Haijing, has received RMB300m ($43.2m) in funding from private equity firm QJY Capital, China Money Network reported on Tuesday.
Founded in 2015 and also known as Zebra Express, Banma Kuaipao operates a last-mile delivery service that utilises a network of local drivers. However, it is looking to enter the passenger market and has secured a total of 125 ride hailing licences for cities across China,…
