Truck Alliance raises $115m in funding

China's Uber-type service for trucks Guiyang Huochebang Technology Co Ltd, also known as Truck Alliance, said on Thursday that it had raised $115 million in series B-1 funding, and expects to complete additional financing soon.

International Finance Corp and All-Stars Investment Ltd led the financing, and several new heavyweight institutions and existing investors also jumped on the bandwagon this time, according to the company, which is based in Guizhou province.

This was the largest ever round of funding so far among online long-haul logistics platform investments.