Sources: Chinese regulators will conclude yearlong probes into Didi, logistics platform Full Truck Alliance and recruitment firm Kanzhun as early as this week
Chinese authorities are also preparing to allow Didi's app back on domestic app stores as early as this week
As China cracks down, SoftBank's Vision Fund has lost $4B on its Didi investment, as its 20.1% stake bought for $11.8B in 2019 is now worth $7.8B
Financial Times : Tweets: @therealjoshye , @therealjoshye , @therealjoshye , @therealjoshye , and @alex Tweets: @therealjoshye : Safe to say: Softbank is not happy. “The Vision Fund's 20.1 per cent s...
China launches probes into truck hailing apps from Full Truck Alliance and an online recruiting app from Kanzhun, both Chinese firms listed on NYSE and Nasdaq
Reviews follow a similar move against ride-hailing giant Didi — A unit of China's cybersecurity regulator launched data-security reviews …
Full Truck Alliance closes at $21.50 per share on its first day of trading, up 13% from its initial price of $19, giving it a market value of ~$23.6B
Sources: Full Truck Alliance, a Chinese Uber-like service for trucks, raises $1.6B after pricing at $19, the top of the range; trading begins today on NYSE
Julia Fioretti / Bloomberg :
Full Truck Alliance, a Chinese startup providing an Uber-like service for trucks, aims to raise about $1.57B from its US IPO at a maximum valuation of $21B
on paper — in the Chinese ride sharing market
Full Truck Alliance, a Chinese startup providing a Uber-like service for trucks, files for US IPO; sources say it's seeking to raise $1B+ at $20B-$30B valuation
Full Truck Alliance is seeking a valuation of between $20 billion and $30 billion, according to people familiar with the situation
Sources: China's Tencent-backed trucking startup Full Truck Alliance has confidentially filed for an IPO that could raise at least $1B
Bloomberg :
Full Truck Alliance, a Chinese startup which provides an Uber-like service for the trucking industry, raises $1.7B, source says at a ~$12B valuation
Lulu Yilun Chen / Bloomberg :
Sources: Full Truck Alliance, a Chinese startup that provides a Uber-like service for the trucking industry, is raising ~$1.7B at a $10B valuation
Wall Street Journal :