日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Lorry-hailing company eyes $1b funding for driverless technology efforts

China Daily | Updated: 2018-10-24 13:21
Share
Share - WeChat
Full Truck Alliance Group, a lorry-hailing firm in the mold of Didi and Uber, is close to securing as much as $1 billion in new funds to replenish its war chest and jump-start an expansion into driverless technology. [Photo/IC]

BEIJING - Full Truck Alliance Group, a lorry-hailing firm in the mold of Didi and Uber, is close to securing as much as $1 billion in new funds to replenish its war chest and jump-start an expansion into driverless technology, according to people familiar with the matter.

China's biggest online marketplace for long-haul deliveries is in advanced negotiations with new and existing backers, including SoftBank Group Corp and Tencent Holdings Ltd, on a funding round that could hike its valuation by as much as 40 percent to $9 billion, the people said, requesting not to be named discussing private deals.

The estimate is lower than an initial target of $10 billion, reflecting cooling sentiment toward tech companies, the people added.

Truck Alliance - created by the merger of Huochebang and Yunmanman last year - is building up its marketplace to connect millions of mostly independent truckers.

Led by CEO Wang Gang - an angel investor in ride-hailing giant Didi Chuxing - it is trying to bring a fragmented, 5 trillion yuan ($720 billion) arena into the smartphone age.

It now wants to get into autonomous vehicles. Truck Alliance recently invested in plus.ai, a Silicon Valley driverless truck startup valued at almost $1 billion and backed by Sequoia Capital, one of the people said.

The Wall Street Journal reported this month Truck Alliance was looking to raise $1 billion at a $10 billion valuation, but that investors were skeptical. People familiar with the matter told Bloomberg that the new round was close to getting finalized.

Truck Alliance - known also by its Chinese name Manbang - is proposing a sharply higher valuation based on an estimated 13 billion yuan of revenue this year, one of the people said. It is also promising its backers as much as fivefold growth in 2019 sales, the person added. Truck Alliance declined to comment.

The company claimed it served around 5.2 million trucks and 1.25 million logistics firms, which gives it a big market share in the country.

According to a 2017 report by Chinese internet of things and big data company G7 and global consulting firm Bain & Co, China's road freight market size had hit 5 trillion yuan, making it the world's biggest road transportation market. The nation's road freight reached 6.1 trillion ton-kilometers, covered by a fleet of more than 5 million heavy trucks and over 14 million light and medium trucks, the report said.

Long-haul trucking, with its hours of cruising in relatively simple highway environments, is a key opportunity to deploy automated vehicles. Major manufacturers from Daimler AG to Paccar Inc are working on self-driving systems for commercial trucks. The field has also attracted startups such as Intel Corp-backed Peloton Technology Inc, which helps automated trucks safely travel in formation.

Bloomberg - China Daily

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 久久视频精品 | 三级三级三级a三级三级 | 久久综合婷婷香五月 | 国产精品久久久久久久久久久新郎 | 国产精品拍自在线观看 | 日韩中文字幕在线观看视频 | 欧美一区二区三区在线观看视频 | 色婷婷色综合缴情在线 | 日本欧美中文字幕人在线 | 久久亚洲一区二区 | 大片一级 | 91精品观看91久久久久久 | 99久久精品国产毛片 | 欧美视屏一区二区 | 日本美女一区二区三区 | 91九色精品国产 | 日本免费三级网站 | 日本不卡一区二区三区在线观看 | 亚洲免费在线视频 | 国产日产久久 | 欧美阿v天堂视频在99线 | 在线国产一区 | 91精品免费观看 | 久久精品男人的天堂 | 午夜免费| 毛片a片| 亚洲最色| 精品成人久久久 | 久久女人被添全过程A片 | 国产精品视频久久 | 好大好硬好长好爽a网站 | 国产日韩一区二区三区 | 日韩a级一片| www.色综合| 霍元甲之精武天下 | 日产精品乱码卡一卡2卡三 久久99精品久久久久久综合 | 国产在线观看一区二区 | 青青草最新网址 | 成人在线不卡 | 欧美日韩在线播放一区二区三区 | 欧美一区二区在线免费观看 |