ZG Group steels itself for business change-up as margins slip
The steel trading platform is expanding its services across the supply chain and is tapping overseas markets, but the revenue-boosting moves come at a cost Key Takeaways: Turnover rose nearly…
BRIEF: Full Truck Alliance to return half of profits as dividends, share buybacks
Trucking app operator Full Truck Alliance Co. Ltd. (YMM.US) said on Monday its board approved a long-term plan to distribute half or more of its adjusted net income each year…
Full Truck Alliance gets new lesson in economics
The trucking company warned that a planned rate hike for its freight brokerage services could lead to a significant decline in that business, which could ‘adversely affect’ its profits Key…
NEWS WRAP: Full Truck Alliance drives ahead with strong order, user growth
The online freight platform posted 35% revenue growth in the fourth quarter, but its profit fell on a one-time impairment loss By Teri Yu Online trucking platform operator Full Truck…
Full Truck Alliance fires on all cylinders with strong earnings report
The number of truckers using the digital freight platform hit the 4 million mark in the third quarter, while its monthly active shippers totaled 2.84 million Key Takeaways: Full Truck…
Full Truck Alliance goes full throttle on user acquisitions
The trucking platform operator boosted its sales and marketing spending 50% in the fourth quarter, double the rate of its revenue growth Key Takeaways: Full Truck Alliance’s revenue rose 25.3%…
NEWS WRAP: Full Truck Alliance drives ahead with Covid controls in the rear-view mirror
The trucking app operator reported its revenue rose 23.5% in the second quarter, and forecast a slight deceleration in the growth rate in the current quarter By Teri Yu…
