Existing backer Tencent was among the investors in a round that valued the China-based trucking services platform at $1bn.
China-based trucking services provider Huochebang has raised about $115m in funding from investors including internet company Tencent at a $1bn valuation, Bloomberg reported yesterday.
International Finance Corporation (IFC), the World Bank’s private investment arm, co-led the round with investment fund All-Stars Investment, while Genesis Capital and DCM Ventures also participated. Reports last month suggested IFC would invest up to $20m in the company.
Huochebang operates an online service that connects truck drivers with commodities that need to be transported.…
