Full Truck Alliance .(US:YMM) Yahoo Finance·2026-01-04 17:06Core Insights - Full Truck Alliance Co. Ltd. is a leading digital freight platform in China, utilizing technology to efficiently connect shippers and truckers, which provides a competitive edge in the logistics sector [1] - The company focuses on digitalization and value-added services to enhance growth and operational efficiency [1] Company Performance - Full Truck Alliance reported third-quarter revenue of approximately $472 million, reflecting an increase of nearly 11% year over year, driven by a 39% surge in transaction services [6] - Fulfilled orders increased by over 22%, and average shipper monthly active users (MAUs) rose almost 18%, indicating strong platform engagement [6] - However, net income declined by 18% year over year due to higher operating costs and increased investments in technology and ecosystem development [7] Market Position and Investor Activity - As of the end of the third quarter, Highlander Partners sold 260,000 shares of Full Truck Alliance, reducing its position by $1.65 million, leaving it with 1.23 million shares valued at $15.93 million [3][4] - Despite the reduction, Full Truck Alliance still constitutes 5.56% of Highlander's 13F assets under management (AUM), making it the fund's fifth-largest holding [2] Strategic Outlook - Management has guided for fourth-quarter revenue to be slightly below last year's level, indicating a moderation in growth despite strong engagement metrics [7] - The trimming of the position by Highlander Partners suggests a disciplined approach rather than a loss of confidence in the company, especially after a volatile period for Chinese equities [5]