China’s Full Truck Alliance Prepares for First Step Beyond Home
Live MintFull Truck Alliance Co. is preparing to expand into Central Asia after getting its wings clipped by domestic regulators a few years ago, joining a growing number of Chinese tech companies seeking new markets abroad. The SoftBank Group Corp.-backed firm, which connects truckers with customers looking to ship goods, is also considering floating its cold-chain grocery business in Hong Kong, or eventually a second listing for the entire company, Chief Financial Officer Simon Cai said. New York-listed FTA could work with local partners or invest alone as it spreads beyond China, Cai told Bloomberg News, adding that the company has considered expanding in other regions including Southeast Asia. The country still harbors vast potential for growth, according to Cai, who predicts that the number of FTA’s domestic users could expand as much as fourfold.
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Free trade agreements that will transform China Inc[1]- Chinadaily.com.cn
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