A truck transports a container next to stacked containers at a port in Qingdao in China's eastern Shandong province on October 12, 2018. Photo: STR/AFPA truck transports a container next to stacked containers at a port in Qingdao in China's eastern Shandong province on October 12, 2018. Photo: STR/AFP
A truck transports a container next to stacked containers at a port in Qingdao in China's eastern Shandong province on October 12, 2018. Photo: STR/AFP

China's Uber for trucks close to securing US$1 billion in funding round to jumpstart driverless technology

  • Full Truck Alliance in advanced talks with backers, including SoftBank and Tencent, on funding that could peg its valuation at US$9 billion
  • Full Truck Alliance recently invested in a Silicon Valley-based driverless truck start-up, signaling its ambitions to go into autonomous trucking

Topic |   Technology
A truck transports a container next to stacked containers at a port in Qingdao in China's eastern Shandong province on October 12, 2018. Photo: STR/AFPA truck transports a container next to stacked containers at a port in Qingdao in China's eastern Shandong province on October 12, 2018. Photo: STR/AFP
A truck transports a container next to stacked containers at a port in Qingdao in China's eastern Shandong province on October 12, 2018. Photo: STR/AFP
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