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Full Truck Alliance Co Ltd (NYSE: YMM) reported first-quarter revenue of RMB1.33 billion ($210.2 million), up 53.7% year-over-year. Gross Transaction Value reached RMB53.6 billion ($8.5 billion), an increase of 4.2% Y/Y.
Earnings Call Scheduled for 8:00 A.M. U.S. ET on June 8, 2022 GUIYANG, China , May 23, 2022 /PRNewswire/ -- Full Truck Alliance Co. Ltd.
Key Takeways: Full Truck Alliance shares are up 60% from a mid-March low, including a 32% gain since Friday, on reports that Beijing may ease its regulatory oversight of big tech companies Company is currently undergoing a data security review and said its business could contract in the second.
Plans by Full Truck Alliance Co Ltd, China's 'Uber for trucks', to raise $1 billion in a Hong Kong listing this year have been paused as a Chinese cybersecurity regulator has yet to announce findings of a probe into the company, two people with knowledge of the matter told Reuters.