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Softbank, Google join $1.9 billion investment in China truck-hailing firm

Updated : April 24, 2018 01:35 PM IST

Manbang, formally known as Full Truck Alliance Group, said the investment was led by SoftBank's Vision Fund - which counts Apple Inc, Foxconn and Saudi Arabia's sovereign wealth fund among its backers.
Manbang, often described as China's "Uber for trucks", runs an app that allows shippers to connect with truck drivers, tapping into demand for haulage in one of the world's busiest markets for goods transport.
Softbank, Google join $1.9 billion investment in China truck-hailing firm
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