This article only represents the author's own views.
There are quite a few ways to look at the latest fourth-quarter update from Full Truck Alliance Co. Ltd. (YMM.US), reflecting just how complex China’s corporate landscape has become due to factors including the global pandemic and the current wave of new regulation sweeping the nation.
And then, of course, there’s the company’s actual business, which uses apps to match up truckers and people looking to have goods trucked within China. But somewhat ironically, the company’s actual business seems to be increasingly irrelevant in the current climate due to all the other factors.
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