Manbang inks big data logistics deal

Manbang Group, a Chinese truck-hailing company, inked a strategic deal with China Transport Telecommunication Information Group Co Ltd on Thursday to leverage their combined data prowess to boost the logistics sector.

The company, which is a subsidiary of the China Transport Telecommunications & Information Center under Ministry of Transport of China, has a wide range of data sources, including satellites and remote sensors, which it will share with Manbang, which specializes in logistics data.

The partnership comes as big data is emerging as a crucial technology in the logistics sector. Big data helps truck-hailing companies to connect drivers with commodities that need transport. It is also vital to running Manbang's truck sales and auto financing services.