- Full Truck Alliance shares are up 60% from a mid-March low, including a 32% gain since Friday, on reports that Beijing may ease its regulatory oversight of big tech companies.
- Company is currently undergoing a data security review and said its business could contract in the second quarter due to Omicron-related disruptions.
- All things considered, the company looks relatively well-positioned to resume its strong growth when the latest Covid wave subsides and the cybersecurity review is finished.
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Full Truck Alliance Shifts Up A Gear On Regulatory Easing Reports