CITIC Private Equity Funds Management

  • Plus.ai completes D round of USD200 million financing

    On February 12, the autonomous driving startup Plus.ai recently completed a D round of financing with an amount of US$200 million. Investors include Guotai Junan International, CITIC Private Equity Funds Management, China Wanxiang and Full Truck Alliance. Plus.ai said it will be used to accelerate the global commercial placement of autonomous driving heavy trucks. Liu Wanqian, co-founder and CEO of Plus.ai, said that truck-related safety accidents and the increasing shortage of transportation capacity have become pain points in the society and for our economy, therefore the application of autonomous driving…

  • Ane Logistics nets US$300 million investment led by CPE

    In February 2021, Ane Logistics received an investment of approximately US$300 million. This investment was led by CPE (CITIC Private Equity Funds Management), with participation from Greater Bay Area Homeland Investments, NWS Holdings (0659.HK), Creo Capital, and Huagai Capital. Wang Yongjun, chairman of Ane Logistics, said that the express service network is the infrastructure of the new economy in the manufacturing and the circulation field, and an important pillar of the C2M manufacturing and “flat supply chain” in China’s industrial internet business. He said that Aneng will use this investment…