Chinese trucking platform For-U nets $200m in Series E round ahead of US IPO

Photo by Rodrigo Abreu on Unsplash

Chinese road freight transport platform For-U Smart Freight on Sunday announced it has secured $200 million in a Series E round of financing ahead of a planned initial public offering (IPO) in the US.

The new round was jointly led by state-backed China Structural Reform Fund, China Life Investment Management, and Greater Bay Area Homeland Investments, which was set up in 2018 to fund the development of southern China’s Guangdong-Hong Kong-Macao Greater Bay Area.

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