February 5, 2023

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Reuters reported on Thursday that Complete Truck Alliance, a Chinese language virtual freight platform, has shelved plans for a twin number one record in Hong Kong. Alternatively, a supply as regards to the corporate instructed native media outlet Zhitong Finance on Friday that the corporate is lately comparing the feasibility of record at the alternate and has been actively speaking with related departments.

Complete Truck Alliance was once established in November 2017 because the manufactured from the merger of 2 Chinese language corporations: freeway logistics web knowledge platform Huochebang and freight dispatching platform Yunmanman. In line with virtual generation, Complete Truck Alliance has been dedicated to construction an effective platform to compare drivers and consignors. On June 22, 2021, the corporate was once indexed at the New York Inventory Alternate.

Consistent with Complete Truck Alliance’s contemporary monetary file, in 2021, its overall internet earnings was once 4.657 billion yuan, a year-on-year build up of 80.4%. The adjusted internet benefit in 2021 was once 450.5 million yuan, whilst the adjusted internet benefit in 2020 was once 281.1 million yuan.

On April twenty fifth, Complete Truck Alliance introduced that within the first quarter of 2022, it had finished 25.2 million orders, up 13.6% year-on-year, and its gross transaction price reached 53.6 billion yuan, up 4.2% year-on-year.

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It was once reported in February that Complete Truck Alliance was once making plans for a twin number one record in Hong Kong. Consistent with the file of Reuters on Thursday, the explanation why Complete Truck Alliance shelved the record plan is that China’s cybersecurity regulator has now not but launched the result of its investigation introduced in opposition to the corporate on July 5, 2021.

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