Zhaoyouwang refuels in Huochebang-backed series B

Aug 24, 2017 • Robert Lavine

Petroleum trading platform Zhaoyouwang has secured $31.8m in a series B round that included Huochebang and SIG Asia Investments.

Trucking logistics services provider Huochebang has participated in a $31.8m series B round for China-based online petroleum trading platform Zhaoyouwang, China Money Network reported today.

Venture capital firm DCM Ventures led the round, which included SIG Asia Investments, a VC subsidiary of technology and trading firm Susquehanna International Group, as well as GGV Capital, Yunqi Partners, Sky9 Capital and Chuangban Investment.

Founded in 2015 and also known as 51zhaoyou.com, Zhaoyouwang operates an online marketplace where businesses can buy or sell…

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