News Snapshot:
Uber-like Chinese startup Full Truck Alliance is preparing for a U.S. initial public offering that could raise at least $1 billion as soon as this year, after eking out a slim 2020 profit thanks to a pandemic-era shipping surge. The startup backed by Tencent Holdings Ltd. is working with Morgan Stanley and China International Capital Corp. on its American debut, people familiar with the matter said. The talks are preliminary and details could still change but the company aims to raise $1 billion to $2 billion, they said, asking not to be identified because the discussions are private. China’s economy...
