Full Truck Alliance Suspends New Registration On 2 Apps To Facilitate Chinese Cybersecurity Probe

July 6, 2021 8:19 AM | 1 min read

Digital freight platform Full Truck Alliance Co Ltd YMM announced that China’s Cybersecurity Review had initiated a cybersecurity review of its Yunmanman and Huochebang apps.
Therefore, these mobile apps were required to suspend new user registration in China during the review period.
FTA will fully cooperate with the CRO during the cybersecurity review process.
FTA is conducting a comprehensive self-examination of any potential cybersecurity risks.
FTA and its mobile applications maintain the regular operation.
Touted as China’s ‘Uber For Trucks,’ FTA recently raised $1.6 billion from its initial public offering.
Price action: YMM shares traded lower by 18% at $15.63 in the premarket session on the last check Tuesday.