HONG KONG -- Full Truck Alliance, a Chinese startup that connects truck drivers with shippers, said it has raised $1.7 billion from a group of renowned investors including SoftBank's Vision Fund, Sequoia, Permira and Fidelity.
Known as Manbang Group in China, the startup was formed in 2017 through a merger of two rivalry truck matching platforms after years of cash-burning competition in the industry.
