China Broadband Capital Leads $15M Series B Round In Chelaile

Wuhan city-based real time public transportation tracking app Chelaile has completed US$15 million series B round of financing led by China Broadband Capital (CBC), according to Chinese media reports.

Existing investor Alibaba Group Holdings also participated in the round.

Launched in 2013, Chelaile previously received angel investment from Shunwei Capital and Zhen Fund, as well as US$5 million series A funding from Alibaba in 2014. ‘

Chelaile provides tracking information on public buses in nearly 30 Chinese cities, with daily active users of 1.5 million.

 
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