Invesco, Fidelity Hitch a Ride With Full Truck Alliance’s Supersized IPO

Trucking services leader boosts fundraising target to $1.8 billion, which could become the largest New York listing by a Chinese company this year Key points: Full Truck Alliance is well-positioned to consolidate its leading position in China’s emerging trucking services market The company’s sharp boosting of its IPO fundraising target reflects investor confidence in its strong growth and profit potential By Doug Young When it comes to big money, there’s lots to be made on China’s roads – specifically in trucking services. That’s the main message coming from Full Truck…

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Autonomous Truck Startup TuSimple Navigates Difficult Terrain Between U.S. and China

Company’s bumpy New York trading debut reflects investor indecision as it becomes world’s first autonomous driving technology firm to list Key Takeaways: TuSimple’s biggest strengths are its strong business partners and early arrival to the relatively simple long-haul truck segment of the autonomous driving sector The company’s biggest vulnerabilities are its China ties, as well as competition from rivals backed by giants like Amazon, Alphabet and Baidu By Doug Young Life is anything but simple these days for TuSimple Holdings Inc. (Nasdaq: TSP), the newly listed autonomous truck technology firm…

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