Chinese Stocks in Focus: Full Truck Alliance (YMM) Increases Efficiency and Market Share. JPMorgan Sees 35% Upside Potential
Reading Time: 2 minutes
Chinese stocks have recently been strong again. The country aims for 5% economic growth. Notably, the strength of Full Truck Alliance (YMM). FTA operates a digital freight platform in China that connects shippers with truck drivers. Main sources of revenue are transaction fees, membership fees, and value-added services. The company was able to significantly expand its user base recently. The average monthly active shippers increased by 31.3% to 2.93 million. For the first time, direct shippers accounted for 50% of total orders. The number of...
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