SoftBank Vision Fund, Alphabet's CapitalG unit and Tencent all took part in a round that valued the trucking services platform at $6.5bn.
China-based trucking services marketplace Manbang Group has raised $1.9bn in a round featuring internet company Tencent and subsidiaries of internet technology group Alphabet and telecommunications firm SoftBank, Bloomberg reported today.
The round, which valued the company at $6.5bn according to people familiar with the matter, included China Reform Fund, GSR Ventures, Ward Ferry and Sequoia Capital. Alphabet’s investment came through its CapitalG unit while SoftBank took part through its Vision Fund.
Formerly known as Full Truck Alliance Group, Manbang runs…
