Sinopec Capital Investee Company YMM Listed on New York Stock Exchange

On June 22, Full Truck Alliance Co. Ltd, or FTA (NYSE:YMM), a Sinopec Capital invested company, was listed on the New York Stock Exchange, becoming "the first share of digital freight". Gao Ling, Investment Director of Sinopec capital, attended the bell ringing ceremony in Shanghai and warmly congratulated the company on its successful listing.

In June 2021, Sinopec capital invested in FTA, focusing on the world's largest digital freight platform owned by Manbang Group and its leading position in the freight industry track. Sinopec Capital support the development and growth of FTA with the faith of "starting with technology and success with capital". With the power of capital and finance, Sinopec Capital carries out strategic layout through professional investment services, and continue to drive and promote the reform of China's industrial Internet.

Since July 2018, Sinopec Capital has identified strategic investment opportunities through financial investment, focusing on the strategic and emerging industries including new energy, new materials, energy-saving and environmental protection, advanced smart manufacturing, and big data and artificial intelligence. We have invested in a number of leading and sci-tech companies with premium quality, with an aim to promote the integration of the state-owned capital and private capital. We empower the investee companies to achieve sustained growth while fully leveraging the industrial synergetic advantages. Through the deep integration of upstream and downstream resources across the whole industrial value chain, we support the investee companies in corporate governance and facilitate their access to resources and market. And we remain committed to provide strategic development guidance and compressive value-added services for the investee companies.

Information source:  
2021-06-23

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