China's Full Truck Alliance Eyes Hong Kong Listing, Strong 2025 Growth, Says Executive
Full Truck Alliance (FTA), China's "Uber for trucks", may re-examine plans for a second listing in Hong Kong as investor sentiment rebounds and Sino-U.S. tensions escalate, according to the company. The Chinese logistics firm reported strong earnings in 2024, with revenue increasing by 33% year-on-year, driven by growing digital adoption and increased order volume. FTA's strong performance has lifted stock prices of Chinese tech firms listed in Hong Kong, boosting liquidity and valuation.
- As FTA reconsiders its listing plans, it highlights the complex interplay between regulatory risk aversion, company growth, and investor appetite for emerging markets.
- What would be the implications of a successful Hong Kong listing for FTA's expansion into new markets, particularly in Southeast Asia?