GUIYANG, China, Oct. 25, 2021 /PRNewswire/ -- Full Truck Alliance
Co. Ltd. ("FTA" or the "Company") (NYSE: YMM), a leading digital
freight platform, today announced that the Company facilitated 35.3
million fulfilled orders(1) with Gross Transaction Value
("GTV")(2) of RMB67.3
billion in the third quarter ended September 30, 2021, representing 78.4% and 48.8%
year-over-year growth, respectively.
Mr. Peter Hui Zhang, Founder,
Chairman and Chief Executive Officer of FTA, stated, "Despite
multiple headwinds, we maintained steady broad-based development
across our businesses in the third quarter, a testament to the
synergies of our platform's efficiency and the strength of our
nationwide road logistics network. We are committed to delivering
products and services with superior value and are confident our
user growth will gradually resume if the pending cybersecurity
review of our Yunmanman and Huochebang apps
is completed favorably to us."
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1 Fulfilled orders in the third
quarter of 2021 is defined as all shipping orders matched through
our mobile apps, including Yunmanman, Huochebang and
Shengsheng Huitouche. Transaction volume on Shengsheng
Huitouche was immaterial historically, and historical data from
Shengsheng Huitouche were not systematically collected and
processed prior to the third quarter of 2021. As such, they are not
included in our previous fulfilled orders disclosures.
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2 GTV
or gross transaction value in the third quarter of 2021 is defined
as the aggregate freight prices specified by our users for all
fulfilled orders through our mobile apps, including
Yunmanman, Huochebang and Shengsheng
Huitouche. Transaction volume on Shengsheng Huitouche
was immaterial historically, and historical data from Shengsheng
Huitouche were not systematically collected and processed prior
to the third quarter of 2021. As such, they are not included in our
previous GTV disclosures.
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About Full Truck Alliance Co. Ltd.
Full Truck Alliance Co. Ltd. (NYSE: YMM) is a leading digital
freight platform, connecting shippers with truckers to facilitate
shipments across distance ranges, cargo weights and types. The
Company provides a range of freight matching services including
freight listing service, freight brokerage service and online
transaction service. The Company also provides a range of
value-added services that cater to the various needs of shippers
and truckers, such as financial institutions, highway authorities,
and gas stations operators. With a mission to make logistics
better, the Company is shaping the future of logistics with
technology and aspires to revolutionize logistics, improve
efficiency across the value chain and reduce carbon footprint for
our planet. For more information, please visit
ir.fulltruckalliance.com.
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking" statements which are made pursuant to the "safe
harbor" provisions of the U.S. Private Securities Litigation Reform
Act of 1995. These forward-looking statements can be identified by
terminology such as "may," "will," "expect," "anticipate," "aim,"
"estimate," "intend," "plan," "believe," "potential," "continue,"
"is/are likely to," and similar statements. Statements that are not
historical facts, including statements about the Company's beliefs,
plans, and expectations, are forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following: FTA's goal
and strategies; FTA's expansion plans; FTA's future business
development, financial condition and results of operations;
expected changes in FTA's revenues, costs or expenses; industry
landscape of, and trends in, China's road transportation market;
competition in FTA's industry; FTA's expectations regarding demand
for, and market acceptance of, its services; FTA's expectations
regarding its relationships with shippers, truckers and other
ecosystem participants; FTA's ability to protect is systems and
infrastructures from cyber-attacks; PRC laws, regulations, and
policies relating to the road transportation market, as well as
general regulatory environment in which FTA operates in
China; the results of regulatory
review and the duration and impact of any regulatory action taken
against FTA; the impact of COVID-19 pandemic; general economic and
business condition; and assumptions underlying or related to any of
the foregoing. Further information regarding these and other risks
is included in the Company's filings with the SEC. All information
provided in this press release is as of the date of this press
release, and the Company does not undertake any obligation to
update any forward-looking statement, except as required under
applicable law.
For investor and media inquiries, please contact:
In China:
Full Truck Alliance Co. Ltd.
Mao Mao
E-mail: IR@amh-group.com
The Piacente Group, Inc.
Emilie Wu
Tel: +86-21-6039-8363
E-mail: FTA@thepiacentegroup.com
In the United States:
The Piacente Group, Inc.
Brandi Piacente
Tel: +1-212-481-2050
E-mail: FTA@thepiacentegroup.com
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SOURCE Full Truck Alliance Co. Ltd.