Baidu Capital, which has just appointed a CEO, has co-led the logistics platform's series B-2 round, adding to a $115m tranche co-led by Tencent in December.
Baidu Capital, the corporate venturing arm of internet company Baidu, has co-led a $156m series B-2 round for China-based logistics platform Huochebang, China Money Network reported yesterday.
The round, co-led by investment firm All-Stars Investment, follows a $115m series B round in December 2016 that reportedly valued Huochebang at about $1bn.
The initial tranche was co-led by All-Stars and the World Bank-owned International Finance Corp, and included internet group Tencent, Genesis Capital and DCM Ventures. Huochebang is now looking…
