Corporate Valuations - News China s Uber for trucks has received a $1 billion valuation



corporatevaluations.in : news

China s Uber for trucks has received a $1 billion valuation


Date: 29-December-2016

Chinese startup Huochebang, which touts itself as the country’s Uber for the trucking industry, raised $115 million in a new funding round at a valuation of $1 billion.China’s trucking industry generates more than $90 billion in annual revenue, IBISWorld said in a market research report earlier this year. And more than 90% of the freight trucks in China are owned by individuals, presenting an opportunity for services that can connect these individuals to shippers in need of transportation help.

 
 
 
Our Offerings