China's "Uber for Trucks" Has Just Gone Public. Here's What You Should Know
Newly IPO'd Full Truck Alliance (NYSE: YMM) is often described as China's "Uber for trucks," and for good reasons. For one, the company operates a smartphone app that matches shippers and truckers -- much like how Uber links riders and drivers.
In addition, Full Truck Alliance's largest shareholder is Japan's SoftBank Group (OTC: SFTBF). SoftBank is known for its big bets on sharing economy start-ups like Uber, DoorDash, and WeWork. While not all of its investments turn out spectacularly well, SoftBank's successes have transformed it into one of the world's largest tech-focused investment funds.
Will Full Truck Alliance be another feather in the hat for SoftBank? Let's find out for ourselves.
Source Fool.com
