Announced
Completed
Financials
Sources
Tags
Private
Single Bidder
Venture Capital
Minority
Friendly
logistics platform
China
Cross Border
Completed
freight services
Digital Services
Acquisition
Private Equity
Synopsis
SoftBank Vision Fund, Sequoia, Fidelity International and Permira led the $1.7bn investment in Full Truck Alliance, an online road logistics platform in China with the first nationwide freight information network. Other investors included Yunfeng Capital, Hillhouse, GGV, Lightspeed, All-Stars Investment, Tencent Holdings and Baillie Gifford. The startup aims to use the cash to expand into same-city deliveries, deepening a network now focused on ferrying goods between urban centers.
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