China bus service start-up gets $31m from VCs
Dada Bus, a mobile-enabled provider of bus services in China, has raised RMB200 million ($31 million) from Northern Light Venture Capital (NLVC) and newly-established VC firm Jingqiao Capital.
Dada Bus was launched in March this year. Through an app, users can reserve bus seats for journeys to work and other short distance travel. The company charges a RMB0.4 per kilometer transportation fee,...
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