Baidu Capital said to lead investment in China's 'Uber for trucks' Huochebang

Baidu Capital said to lead investment in China's 'Uber for trucks' Huochebang

A sign of Baidu is seen during the third annual World Internet Conference in Wuzhen town of Jiaxing, Zhejiang province, China November 17, 2016. REUTERS/Aly Song/Files

Truck Alliance Inc., an Uber-type service for trucks in China known as Huochebang, is near an agreement to raise about $156 million, people familiar with the matter said.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter