Two China truck-hailing firms merge

GUIYANG - Two Chinese firms that help truck drivers to find goods to transport merged Monday.

Huochebang, China's Uber of the truck industry, and its smaller rival ymm56.com, announced a strategic merger.

Wang Gang, chairman and CEO of the new company, said the two brands will continue to operate independently, but data will be shared to improve efficiency.

The new company also plans to use new energy vehicles and expand overseas.

The two can help people find trucks to transport their goods. Huochebang alone provides information on around 5 million pieces of freight daily.