High-Tech Cargo Dispatcher Wins $110 Million in New Funding

More than 10 trucks loaded with new cars stop at a highway rest area in Wuhan, Hubei province, on April 2. The Ministry of Transport said the overall cargo carrying capacity was 19.74 billion tons in the first half year of 2016. Photo: Visual China

(Beijing) — Internet-based cargo dispatcher Yunmanman has driven off with $110 million in new funds, one of the largest bets on information platforms on the heels of Beijing's call to upgrade the logistics of the nation's backward trucking industry.

The platform's sixth funding round, completed on Monday, was led by two large international investors whose names were not disclosed. Valued at over $1 billion since August 2015, Yunmanman said another follow-up round worth over $100 million is currently underway.