SoftBank leads $1.9b funding round for China’s Manbang
The Full Truck Alliance Group, a Chinese trucking logistics firm also known as Manbang, has raised a $1.9 billion funding round led by SoftBank Group.
CapitalG, the investment arm of Google parent company Alphabet, also participated in the round, as did Hong Kong-based Ward Ferry Management, Farallon Capital, Baillie Gifford and the China Reform Fund....
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