Full Truck Alliance
China targets Full Truck Alliance in cybersecurity probe
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...
https://www.freightwaves.com/news/china-targets-full-truck-alliance-in-cybersecurity-probe
China’s Full Truck digital freight platform pulls back curtain in prospectus
With China’s Full Truck Alliance moving toward an initial public offering in U.S. equity markets, its prospectus is giving potential investors, competitors and potential customers a look into the online logistics’ platform’s finances and business operations.
Full Truck Alliance filed a registration statement last week with the Securities & Exchange Commission for an IPO on a to-be-determined U.S. stock exchange. Reports in other media said the company is seeking to raise $1.5 billion in its...
Plus money: Autonomous technology startup adds $220M to recent capital raise
Self-driving trucking technology startup Plus added $220 million to a recent capital raise, putting it on track for commercialization of its Level 4 system in China this summer.
The previously announced $200 million raised in February was led by CPE and Guotai Junan International.
The new money is mostly from Chinese and Asian investors. Chinese funds FountainVest Partners and ClearVue Partners co-led the raise.
Participants included Taiwan’s Quanta Computer Inc., along with existing investors...
Chinese investors join $200M funding round for autonomous startup Plus
Self-driving truck technology developer Plus has completed its Series B funding round, pulling in $200 million from returning backers and new investors from China. In total, Plus has raised nearly $400 million.
The new investors include Hong Kong-listed Guotai Junan International, China’s leading securities firm, and Wanxiang, a top Chinese automotive components supplier. SAIC, China’s largest carmaker; and Full Truck Alliance, the world’s largest trucking platform serving more than 10 million...
Google-backed Chinese trucking startup raises $1.7B
Full Truck Alliance (FTA), a Chinese digital freight-matching startup, has raised $1.7 billion from a group of heavy-hitter investors including SoftBank’s Vision Fund, Sequoia, Permira and Fidelity, the Wall Street Journal reported.
The raise, announced on Tuesday, came two years after FTA, known as Manbang in China, brought in $1.9 billion from investors including SoftBank and Alphabet Inc.’s venture capital fund Capital G.
Formed by the merger of two rival companies in 2017, Full Truck...
https://s29755.pcdn.co/news/google-backed-full-truck-alliance-raises-17b