This article only represents the author's own views.
Summer may be arriving for much of China, but for Full Truck Alliance (YMM.US) it may feel more like a long winter is close to ending. The operator of apps that match truckers with companies shipping goods around China has just reported its latest quarterly results, sparking a rally that saw its stock rise 15% in the two days since the announcement.
The results look relatively encouraging, especially when one considers that trucking in China took a big hit starting in March from the nation’s aggressive pandemic-control restrictions. But investors appeared more focused on a Wall Street Journal report saying a nearly yearlong cybersecurity review of Full Truck Alliance is about to wrap up.
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