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Full Truck Alliance

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The result of Yunmanman and Huochebang's merger, FTA operates a digital freight platform in China that connects shippers with truckers to facilitate shipments

Guiyang, ChinaFounded 2011Transportation
Valuation $6.07B Market cap · 2026
Revenue $1.60B Latest reported FY
EBITDA $698M Latest reported FY
Total funding $2.5–5B Disclosed equity funding

About Full Truck Alliance

Full Truck Alliance (FTA), established in 2011, is a leading digital freight platform in China that connects shippers with truckers to facilitate shipments across various distances, cargo weights, and types. By leveraging mobile internet, big data, and artificial intelligence, FTA aims to enhance efficiency and reduce costs in the logistics industry.

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The platform operates through its primary applications, Yunmanman and Huochebang, which serve both drivers and consignors. These apps enable users to post shipping orders, match cargo with available trucks, and manage logistics operations seamlessly.

As of the third quarter of 2024, FTA facilitated approximately 51.9 million fulfilled orders, with an average of 2.84 million shippers posting shipping orders each month and 4.06 million truckers fulfilling orders over the past 12 months.

Headquartered in Guiyang, China, Full Truck Alliance employs over 7,500 individuals and continues to expand its services to cover more than 300 cities and 100,000 route lines.

By fostering open collaboration with national industry leaders, FTA seeks to create a shared and win-win industrial ecology, bringing greater value to society and promoting the upgrading of the logistics industry.

Source: Dealroom company data

At a glance

Founded
2011
Headquarters
Guiyang, China
Listing
IPO 2021
Sector
Transportation
Power Law
Unicorn$1–10B valuation tierThoroughbred$100M+ revenue

Latest news

Press, funding announcements and product moves mentioning Full Truck Alliance.

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Investors

19 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later19 investors entered at this stage

Team profiled 5 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
6 countries with
team presence
🇨🇳 China66.7%
🇭🇰 Hong Kong11.1%
🇺🇸 United States7.4%
🇹🇷 Turkey3.7%
🇨🇦 Canada3.7%
Top 5 of 6 shown
Web traffic by country
5.6K monthly visits
across markets
🇺🇸 United States40%
🇭🇰 Hong Kong26.7%
🇩🇪 Germany13.3%
🇮🇩 Indonesia11.1%
🇯🇵 Japan8.9%
Top 5 markets shown

Patents

Estimated portfolio value
$19M

209 active patent families included in this estimate.

A patent family groups patent filings for the same invention. Source: Dealroom · PatSnap.

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Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Full Truck Alliance on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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