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flag Full Truck Alliance considers Hong Kong listing amid Sino-U.S. tensions and strong performance.

flag Full Truck Alliance (FTA), or Manbang, is considering a secondary listing in Hong Kong due to rising investor sentiment and Sino-U.S. tensions. flag Initially planning a dual listing in 2022, FTA paused due to U.S. audit requirements. flag However, with the Hang Seng Tech Index up 30% this year and strong company performance—reporting a 33% increase in 2024 revenue to 11.2 billion yuan and a 40% rise in net income to 3.1 billion yuan—a Hong Kong listing could enhance liquidity and valuation.

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