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Google-backed Chinese truck-hailing firm Manbang raises $1.7 billion
Published on: 2020-11-25
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The Chinese Uber for trucks Manbang announced Tuesday that it has raised $1.7 billion in its latest funding round, two years after it hauled in $1.9 billion from investors including SoftBank Group and Alphabet Inc.’s venture capital fund CapitalG.

Two weeks ago that Manbang was seeking $1 billion ahead of an initial public offering next year. The company declined to comment on the matter, though its CEO Zhang Hui said in May 2019 that the firm was “not in a rush” to go public.

Manbang said it achieved profitability this year. Its valuation was reportedly on course to reach $10 billion in 2018.

Mobile-based truck-hailing services have boomed in China, offering more efficient solutions for cargo transport

The company, which runs an app matching truck drivers and merchants transporting cargo and provides financial services to truckers, was formed from a merger between rivals Yunmanman and Huochebang in 2017. It was a time when China’s “sharing economy” craze began to see consolidation and shakeup.

The latest financing again attracted high-profile backers, including returning investors SoftBank Vision Fund and Sequoia Capital China, Permira and Fidelity, a consortium that co-led the round. Other participants were Hillhouse Capital, GGV Capital, Lightspeed China Partners, Tencent, Jack Ma’s YF Capital and more.

The company has other Alibaba ties. Its CEO Zhang, who founded Yunmanman, hailed from Alibaba’s famed B2B department where Manbang chairman Wang Gang also worked before he went on to fund ride-hailing giant Didi’s angel round.

Manbang claims its platform has more than 10 million verified drivers and 5 million cargo owners. The latest funding will allow it to further invest in research and development, upgrade its matching system and expand its service capacity to functions like door-to-door transportation.

Sequoia is quite bullish about truck-hailing as it made its sixth investment in Manbang. For Permira, a European private equity fund, the Manbang investment marked the China debut of its Growth Opportunities Fund.

17亿美元!“满帮”获新一轮融资,投资阵容豪华,有机构6年7次加注

满帮集团宣布完成17亿美元新一轮融资在业内引起了不小的轰动。作为用互联网推进物流业转型升级的重要平台,日常消费者用户了解可能并不多,对于货运主和货车司机而言,满帮则是一个不可或缺的平台。

满帮的前身是由两家货运公司合并而来。2013年年底,在经过对物流行业的深度调研后,曾在阿里巴巴任职多年,担任 B2B 业务的区域负责人的张晖带领团队研发了面向卡车司机和物流公司的运力调度软件——运满满,填补了长期以来国内跨城运力智能调度的空白。

此前有媒体报道,让张晖选定创业项目的推动力,来自于创业前的一次调研。在成都一个物流基地,张晖看到了令人震惊的一幕:来自五湖四海的上万辆卡车整齐停放,大家围着广场上的一块块小黑板,做着记录,黑板上粉笔书写的配货信息是他们养家的“饭碗”。震惊之余,物流行业存在的信息不对称、空驶率高、运力利用率低、信用机制有待完善、行业缺乏服务标准等诸多痛点,让张晖敏锐地嗅到了商机所在。

张晖曾经透露,目前满帮的定位是国内乃至全球领先的智能运力平台,平台通过探索,高效连接货车司机及货主双端用户,实现车和货的精准、实时、高效匹配,通过大数据的智能推荐帮助双方快速完成运输交易,在提高货运满载率、减少配货时间、提高运输效率,让司机多挣钱、少费心等方面做了很多尝试,他也非常看好货运行业巨大的发展前景。

嗅到这一机会的还有很多业内知名的资本。最新一轮轮融资由软银愿景基金、红杉、璞米和富达(Fidelity)联合领投,包括高瓴、纪源、光速、云锋、襄禾、Baillie Gifford、全明星、CMC、腾讯等在内的现有股东也有参与。

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