Uber for trucks: China logistics start-up secures $156M funding

An “Uber-like” logistics start-up based in China’s Guizhou province will soon be able to expand its operations after securing $156 million in venture capital funding from Baidu Capital and investment firm All-Stars Investment Ltd.

Huochebang is a logistics service that operates in a manner similar to the well-known Uber ride-sharing service, helping truck drivers and owners find cargoes to transport, parking facilities, truck sales and leasing, and other related services.