Full Truck Alliance is China's leading digital freight platform connecting shippers with truck drivers. Formed in December 2017 through the merger of Yunmanman and Huochebang, the company operates a mobile app enabling logistics transactions across China. As of 2023, the platform facilitates approximately 30 million transactions annually, connecting over 2 million truck drivers with shippers.
Full Truck Alliance is publicly traded
IPO'd on June 22, 2021
This company is no longer available on our private secondary market. Shares can be traded publicly under YMM.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2017
Total Funding
$7.07B
4 rounds
Last Private Valuation
$11.7B
November 24, 2020
Total raised $7.07B across 4 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
IPO
Date
June 22, 2021
Amount
$1.574B
Valuation
$20B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| June 22, 2021 | IPO | $1.574B | $20B | Morgan Stanley, Goldman Sachs, China Renaissance, CICC |
| November 24, 2020 | Growth | $1.7B | $11.7B | SoftBank Vision Fund, Sequoia Capital China, Permira |
| April 24, 2018 | Strategic/Growth | $1.9B | $6.5B | SoftBank Vision Fund |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Valuation indexed to 1.0× at the selected entry round. Valuation marks are estimates and may contain errors. Hover each dot to compare.
Entry · Merger/Formation
$6B
Nov 2017
Full Truck Alliance today
$20B
Jun 2021 · latest mark
Full Truck Alliance multiple
3.3x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Peter Hui Zhang
Founder, Chairman & CEO
Langbo Guo
President
Simon Chong Cai
Chief Financial Officer
Kai Shen
Chief Risk Officer & General Counsel
Yes, Full Truck Alliance is publicly traded under the ticker symbol YMM on the NYSE. The company went public in June 22, 2021.
Full Truck Alliance trades under the ticker symbol YMM on the NYSE. It began trading in June 22, 2021.
Full Truck Alliance (YMM on the NYSE) shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker YMM to place an order.
Full Truck Alliance went public in June 22, 2021 via ipo, with an offering valuation of approximately $11.7B. Full Truck Alliance completed its initial public offering on June 21-22, 2021 on the New York Stock Exchange under ticker symbol YMM. The company priced 82.5 million American depositary shares (each representing 20 Class A ordinary shares) at $19 per share, raising approximately $1.57 billion. Shares opened at $21.50 on the first trading day, reflecting strong investor demand. The company achieved a market capitalization of approximately $23.4 billion at the IPO closing price.
Full Truck Alliance raised $7.07B across 4 disclosed funding rounds prior to its public listing.
Full Truck Alliance was founded by Peter Hui Zhang in 2017.
Full Truck Alliance is headquartered in Guizhou, China.
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