Showing 11 of 11 posts with this tag
China's Ministry of Transport has said that it would work to further protect the legitimate rights and interests of truck drivers.
In last week’s VC news, blockchain startup Rangers Protocol brought its valuation to $63 million, investment firm Yinke PE closed a new RMB-denominated fund, UAE fund poured funds into a Chinese trucking startup and cross-border fashion e-commerce platform Doublefs raised as much as $100 million.
The suspension of the dual primary listing plan in Hong Kong of Full Truck Alliance, a Chinese digital freight platform, was denied by a source close to the company.
Chinese regulators are concluding their probes into ride-hailing platform Didi, digital freight platform Full Truck Alliance, and online recruitment platform Kanzhun, in preparation of lifting the current ban on adding new users.
Full Truck Alliance, a Chinese digital freight platform, has reportedly shelved plans for a dual primary listing in Hong Kong because domestic cybersecurity regulators have not announced the results of an investigation into the firm.
Full Truck Alliance, a Chinese online commercial freight platform, released its performance report on Tuesday for the fourth financial quarter and entire year of 2021.
Three popular apps that had been placed under review by China's cyberspace regulator last year announced the resumption of new user registrations on Wednesday.
Intra-city freight platform Kuaigou Dache, known as GoGoX overseas, filed a prospectus for a planned listing on the HKEx main board, according to HKEx filings.
On June 22, Full Truck Alliance, a Chinese digital freight platform, was listed on NYSE with the security code of "YMM". Its issue price is $19 and its opening price is $22.5. Wind Information shows that as of the close of US stocks, Full Truck Alliance reported US $21.76 per share, increasing 14.53% from its issue price, with a total market value of US $23.6 billion.
An office within the Beijing Transportation Department on Thursday summoned four logistics-based digital platform companies and scheduled a meeting with four online ride-hailing platform companies.
Full Truck Alliance is reportedly planning a second listing in Hong Kong, and will submit a formal application as soon as this month.