Full Truck Alliance Chief Financial Officer Simon Cai said the truck-hailing company is reconsidering a Hong Kong listing to hedge against US geopolitical risks, Reuters reported Monday.
The move follows a rebound in investor sentiment and strong 2024 earnings, with revenue up 33% to 11.2 billion yuan and net income rising 40% to 3.1 billion yuan, according to the report.
FTA initially planned a Hong Kong listing in 2022 but paused after US-China audit tensions eased, Reuters wrote. Cai said a Hong Kong listing could boost valuation and liquidity with the Hang Seng Tech Index having risen up 30% this year.
The company also plans to expand its AI-driven logistics system and list its cold chain unit either in Hong Kong or China, targeting a potential IPO in 2026 or 2027, the report said.
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