Sequoia China, Legend Capital Lead $188 Million Funding in Self-Driving Truck Developer

(DealStreetAsia) — Sequoia Capital China and Legend Capital, a fund management arm of Chinese conglomerate Legend Holdings, have jointly led a $188-million Series B+ round in Chinese self-driving truck developer Inceptio Technology.

Chow Tai Fook Enterprises Ltd., a private investment firm of Hong Kong’s Cheng Family, global investment firm Cedarlake Capital, Shanghai-listed supply chain services firm Wuchan Zhongda Group, and an unspecified international equity fund participated in the deal.