News Snapshot:
HONG KONG (Reuters) - Chinese truck services startup Full Truck Alliance has reached a valuation of nearly $12 billion after it raised $1.7 billion in a new funding round, according to two people with direct knowledge of the matter. The fundraising comes as the company is planning an offshore initial public offering as soon as next year, the sources said, with one of them adding the venue will likely be New York. Full Truck Alliance, the result of a 2017 merger between truck services platforms Yunmanman and Huochebang, connects drivers with truck owners and their mutual client base. The company...
