China $12.7 Billion Shipping & Truck Platform Full Truck Alliance (FTA) Plans Secondary Listing IPO in Hong Kong, Yunmanman and Huochebang Merged in 2017 to Create Full Truck Alliance (FTA), IPO on NYSE in 2021 Raising $1.6 Billion
11th March 2025 | Hong Kong
China shipping & truck platform Full Truck Alliance (FTA, $12.7 billion market value) is planning for a secondary listing IPO in Hong Kong. In 2017, Yunmanman and Huochebang merged to create Full Truck Alliance (FTA), and IPO on New York Stock Exchange (NYSE) in 2021 raising $1.6 billion. Full Truck Alliance (FTA) – The FTA platform is a leading digital freight platform in China, connecting shippers with truckers to facilitate shipments across distance ranges, cargo weights and types. We have built a vibrant ecosystem of millions of shippers and truckers. In the fourth quarter of 2024, an average number of approximately 2.93 million shippers posted shipping orders on the FTA platform each month, and 4.14 million truckers fulfilled shipping orders over the past 12 months. During the fourth quarter of 2024, the Group facilitated 56.9 million fulfilled orders on the FTA platform. The FTA Platform – Yunmanman and Huochebang were founded in 2013 and 2011, respectively, and both companies rapidly grew to become leading digital freight platforms in China. The two companies merged to create FTA in 2017, establishing a nationwide road logistics network with significant economies of scale. We are constantly improving our offerings to better meet the diverse, complex and often non-standard needs of industry participants. We have evolved from a directory of freight listings to an ecosystem that enables logistics transactions from end to end with data-driven technology and a comprehensive range of value-added services. Peter Hui Zhang, Founder, Chairman & CEO – Peter Hui Zhang is our founder and has served as the chairman of our board of directors since November 2020, our chief executive officer since December 2018 and a director since December 2017. Previously, he was the chief executive officer of Yunmanman from its inception to December 2018. Prior to founding Yunmanman, Mr. Zhang served as a regional manager of the business-to-business unit of Alibaba Group Holding Limited from 2005 to 2011, a company listed on the NYSE under the ticker symbol “BABA” and on the Hong Kong Stock Exchange under the stock code “9988”. Mr. Zhang graduated from Nanjing University of Aeronautics and Astronautics with a major in electronic engineering and received a master’s degree in electronic engineering from Nanjing University of Posts and Telecommunications.
“ China $12.7 Billion Shipping & Truck Platform Full Truck Alliance (FTA) Plans Secondary Listing IPO in Hong Kong, Yunmanman and Huochebang Merged in 2017 to Create Full Truck Alliance (FTA), IPO on NYSE in 2021 Raising $1.6 Billion “
China $12.7 Billion Shipping & Truck Platform Full Truck Alliance (FTA) Plans Secondary Listing IPO in Hong Kong, Yunmanman and Huochebang Merged in 2017 to Create Full Truck Alliance (FTA), IPO on NYSE in 2021 Raising $1.6 Billion
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