Full Truck Alliance Co Ltd

Full Truck Alliance Co., Ltd. operates as a holding company that provides comprehensive services for shippers and truckers through its mobile and website platforms. Its platform connects shippers with truckers to facilitate shipments across distance ranges, cargo weights and types. The company also offers drivers other services such as financing and insurance, as well as selling fuel cards and secondhand trucks. Full Truck Alliance was founded by Hui Zhang in 2011 and is headquartered in Guiyang, China.

Earnings data Q2 2021

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Full Truck Alliance excels in Q1 with record revenues and growth

Full Truck Alliance's Q1 2024 results reflect robust growth in orders, revenues, and net income, positioning the company well in the market.
While facing potential challenges ahead, the company's strong performance, focus on direct shippers, and share repurchase program are notable strengths.
To capitalize on opportunities, Full Truck Alliance should focus on expansion, strategic partnerships, and technological innovation for sustained growth.

Full Truck Alliance (YMM) excels in Q2 earnings, poised for sustainable growth

Full Truck Alliance (YMM) reported robust Q2 2024 earnings with strong growth in key operational and financial metrics, reflecting a solid performance and effective strategic execution.
The company's focus on innovation, sustainability, and market expansion underscores its competitive strengths and resilience in the evolving logistics industry.
While facing challenges in maintaining growth momentum and market expectations, Full Truck Alliance (YMM) remains well-positioned to capitalize on opportunities for further growth and success.

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Full Truck Alliance Co., Ltd. is a holding company, which engages in comprehensive services for shippers and truckers through its mobile and website platforms. Its platform connects shippers with truckers to facilitate shipments across distance ranges, cargo weights and types. The firm also offers drivers other services such as financing and insurance, as well as selling fuel cards and secondhand trucks. The company was founded by Hui Zhang in 2011 and is headquartered in Guiyang, China.

SAN DIEGO, July 6, 2021 /PRNewswire/ -- Shareholder Rights Law Firm Johnson Fistel, LLP, is investigating potential claims against Full Truck Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM) for violations of federal securities laws.

YMM Alert: Johnson Fistel Launches Investigation into Full Truck Alliance - Investors Suffering Losses Encouraged to Contact the Firm

Didi Global

Kanzhun Ltd

In premarket trade, the U.S.-listed shares of Chinese app makers slumped as investors responded to news of a crackdown. Didi Global shares dropped 24% in very early preopen trade, after the Cyberspace Administration of China forced the removal of Didi's ride-hailing app over security concerns.

Didi Global shares slammed along with Full Truck Alliance and Kanzhun

Full Truck Alliance, which uses online technology to match truckers with companies that need goods delivered, said the CAC launched a cybersecurity review of its two main platforms on July 5.

China Shows Full Truck Alliance, Kanzhun Who's Boss

Cybersecurity regulators in China have initiated a review of two apps from digital freight-matching platform Full Truck Alliance (NYSE:YMM), halting new user registrations less than two weeks after the company went public in the U.S.  The Cyberspace Administration of China announced the probe on Monday, saying its Cybersecurity Review Office will conduct the probe to “guard against” national security and data security risks. The government regulator is targeting FTA's Yunmanman and Huochebang apps.

China targets Full Truck Alliance in cybersecurity probe

Full Truck Alliance and Kanzhun are the latest Chinese tech companies to fall under the scrutiny of the country's internet watchdog.

China's Attack on Didi Widens to More Tech Companies. Why It May Get Worse.

China's cybersecurity officials have launched investigations into three more apps operated by U.S.-listed companies, just one day after they ordered the country's smartphone app stores to remove Didi Chuxing over the misuse of customers' personal information.

China's Cybersecurity Regulator Targets More U.S.-Listed Tech Companies After Didi Investigation

The latest action targets two truck-hailing apps operated by Full Truck Alliance Co. and an online recruiting app owned by Kanzhun Ltd. BZ Both companies went public in the U.S. in June.

The Wall Street Journal: China expands probe of U.S.-listed companies after similar move against Didi

Just one day after ride-hailing giant Didi was banned from app stores in China, authorities have started investigating three other major technology services, citing concerns about national data security.

After cracking down on Didi, China launches probe into other US-listed tech giants

GUIYANG, China, July 5, 2021 /PRNewswire/ -- Full Truck Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM), a leading digital freight platform, today announced that pursuant to an announcement issued by the Cybersecurity Review Office ("CRO") of the Cyberspace Administration of China on July 5, 2021, CRO has initiated a cybersecurity review of FTA's Yunmanman apps and Huochebang apps.

Full Truck Alliance Announces Cybersecurity Review in China

Chinese regulators have opened a cybersecurity review into companies under the New York-listed Full Truck Alliance and Boss Zhipin.

After crackdown on Didi, China opens cybersecurity probes into 3 more tech firms

NEW YORK--(BUSINESS WIRE)--Deutsche Bank announced today its appointment as depositary bank for the NYSE-listed American Depositary Receipt program of Full Truck Alliance Co. Ltd. Full Truck Alliance Co. Ltd. (NYSE: YMM) is a digital freight platform which connects shippers with truckers to facilitate shipments across distance ranges, cargo weights and types. Full Truck Alliance's platform includes freight listing services directly connecting shippers to truckers and freight brokerage services

Deutsche Bank Appointed as Depositary Bank for the Sponsored American Depositary Receipt Program of Full Truck Alliance Co. Ltd.

The Chinese-based trucking company sold 82.5 million American depositary receipts at $19 each.

Full Truck Alliance Stock Jumps 15% in U.S. Market Debut

Full Truck Alliance Co. Ltd. shares soared 16% in their trading debut Tuesday, after the China-based digital freight platform that connects shippers with truckers raised $1.56 billion in its initial public offering.

Full Truck Alliance shares jump 16% in trading debut

Full Truck Alliance Co. Ltd. is set to go public Tuesday, the China-based digital freight platform that connects shippers with truckers raised $1.56 billion in its initial public offering.

Full Truck Alliance stock set to start trading as company raised $1.56 billion in IPO

NANJING, China, June 22, 2021 /PRNewswire/ -- Full Truck Alliance Co. Ltd. ("FTA" or the "Company") (NYSE: YMM), a leading digital freight platform, today announced the pricing of its initial public offering (the "Offering") of 82,500,000 American Depositary Shares, each representing 20 Class A ordinary shares ("ADSs"), at a price to the public of US$19.00 per ADS.

Full Truck Alliance Co. Ltd. Announces Pricing of Initial Public Offering

Full Truck Alliance has filed to raise $1.5 billion in a U.S. IPO of its ADSs. The firm provides a digital logistics platform for shippers and truckers in China.

Full Truck Alliance Proposes Terms For $1.5 Billion U.S. IPO

Trucking services leader boosts fundraising target to $1.8 billion, which could become the largest New York listing by a Chinese company this year. Full Truck Alliance is well-positioned to consolidate its leading position in China's emerging trucking services market.

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