Three Wharton dealmakers bet future on China's trucking sector with startup Huochebang

Three Wharton dealmakers bet future on China's trucking sector with startup Huochebang

Richard Zhang, chief financial officer of Truck Alliance, stands for portraits at the company's office in Chengdu, China, on Tuesday 11 April, 2017. Photographer: Qilai Shen/Bloomberg

In 2001, three Chinese men named Richard enrolled in the University of Pennsylvania’s Wharton School before heading to high-flying careers as bankers and dealmakers. More than 15 years later they’ve teamed up to stake their future on building an Uber-like service for the country’s convoluted trucking industry.

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