Autonomous Trucks
BEIJING (Reuters) - Chinese startup Full Truck Alliance aims to raise around $1.5 billion from its initial public offering in New York which will value the company at more than $20 billion, a source familiar with the matter said on Tuesday. CNBC reported earlier on Tuesday that Full Truck Alliance could file for a U.S. listing as early as this week. Full Truck Alliance, the result of a 2017 merger between truck service platforms Yunmanman and Huochebang, connects drivers with truck owners and their mutual client base. Full Truck Alliance declined to comment. The company, which has over 10 million registered truck drivers and more than 5 million truck owners on its platform, plans to use the funds for technology, service and business model innovations.