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Manbang Group may plan to file for U.S. IPO as early as this week
Chinese Uber-like truck logistics unicorn Manbang Group plans to file for a U.S. IPO as early as this week. According to people familiar with the matter, Manbang Group may raise approximately US$1.5 billion through this IPO, and its valuation will be between US$20 billion and US$30 billion. Manbang Group was formed by the merger of two truck service platforms, Yunmanman and Huochebang in 2017. In November last year, the group initially raised US$1.7 billion from investors such as Tencent Holdings.
Nio will provide smart EVs to Hainan’s Sansha