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Full Truck Alliance

Transportation · Guiyang, China · Founded 2011 · IPO 2021

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

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.

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.

Keywords: Full Truck Alliance, digital freight platform, China logistics, Yunmanman, Huochebang, mobile internet, bigintelligence, shippers, truckers, logistics efficiency, order fulfillment, industry collaboration.

Valuation $6.07B
Revenue $1.60B
EBITDA $698M
Total funding $2.5–5B

Talent graph

Full Truck Alliance's talent

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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.

Investors

19 investors on Full Truck Alliance's cap table

Sourced from Dealroom's funding history. Investor profile links are shown where available.

Series B+ 19 investors entered at this stage
China Reform Fund Management
CapitalG
SoftBank
Ward Ferry Management
SoftBank Vision Fund
Alphabet | Google
Permira
Notable Capital
Hillhouse Capital
YunFeng Capital
HongShan
Fidelity International
Tencent
Baillie Gifford
Luminous Ventures
All-Stars Investment
Bright Valley Capital
Serenity Capital Management
First Beijing Investment

Global footprint

Where Full Truck Alliance has talent and traffic

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

Patent intelligence

$19M patent portfolio · 209 active families

Estimated portfolio value
$19M
0.27% of market cap · 3.4× smaller than top peer Grab ($64M)
209 active patent families
Where Full Truck Alliance innovates Computer engineeringData miningData scienceDatabaseElectronic equipment

Where Full Truck Alliance concentrates vs peers

Each axis is a top-10 topic across Full Truck Alliance and its closest peers. #1 = 100, #10 = 10, absent = 0.

Compare against

Source: Dealroom Patent Intelligence · Patsnap. Request a demo for the full per-sub-category breakdown, individual records, and quality-score history.

Market sentiment

What the market is saying about Full Truck Alliance

An AI-synthesized read of the highest-engagement posts about Full Truck Alliance on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

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

See Full Truck Alliance on the full Dealroom platform

Live deal flow, founder pedigree, hiring signals, revenue trajectory, and the full cap table.