Chinese truck-hailing firm Manbang Group has completed a US$1.9 billion round led by Softbank Vision Fund and China Reform Fund, a private equity firm backed by China Reform Holdings Corporation Ltd and other central state-owned enterprises. Google-backed late-stage growth venture capital fund Capital G, American investment firms Farallon Capital and Baillie Gifford, Tencent Holdings Limited, Sequoia Capital China, Hillhouse Capital, GVC Capital and others participated in the round, according to the announcement at Manbang’s official WeChat account. Manbang Group was created last November …

Softbank, China Reform Fund Co-lead $1.9B Round In Truck-hailing Firm Manbang appeared first on China Money Network.


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