Truck Alliance on the road to Southeast Asia

Truck Alliance, a startup dedicated to helping match empty trucks with loads, plans to expand into the Southeast Asian market after it raised more than $100 million from investors including Tencent Holdings Ltd and venture capital powerhouse Hillhouse Capital.

Like Uber Technologies Inc, which enables passengers to hail an empty car in an instant, Truck Alliance allows shippers to post load information on its mobile application and connect them with truck drivers, so as to reduce a truck's empty miles and waiting time between loads.

Currently, the company is serving about 2 million truck drivers and more than 300,000 shippers on its platform. Every month, about 200,000 new truck drivers join in, according to the Guiyang, Guizhou-based company.