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FULL TRUCK ALLIANCE (FULLTRUCK, YMM)

22/12/2025 08:06 am MYT

For subscribers only

This week, i Capital updates Full Truck Alliance (FTA) (满帮集团), a leading digital road freight platform in China that connects shippers with truckers to facilitate shipments. To recap, the Company is the result of a 2017 merger between Yunmanman (运满满) and Huochebang (货车帮), established in Jiangsu Province in 2013 and Guizhou Province in 2011 respectively, operating mobile apps for freight information listing. It was listed on the New York Stock Exchange in Jun 2021. The Company fulfilled 197.2 mln orders in 2024. As of Sep 2025, the Company featured over 100,000 routes on its platform covering over 300 cities in China, and had over 7,000 full-time employees. 


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