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Full Truck Alliance reported solid Q2 growth: Revenue rose 4.4% to RMB 3.38 billion, while net income increased 6.3% to RMB 1.35 billion. Fulfilled orders climbed 12.7% to 68.5 million and shipper monthly active users rose 12.8% to 3.57 million.
Platform efficiency reached record levels: The fulfillment rate increased to 47%, up 6.3 percentage points year over year, while the median order-to-capacity matching time fell to five minutes. The company attributed the gains to improved freight classification, capacity allocation and matching efficiency.
Monetization and cash generation strengthened: Transaction service revenue grew 33.1% to RMB 1.77 billion as commission penetration reached 94.7%. Operating cash flow totaled RMB 2.15 billion, and management plans to continue quarterly dividends while investing in overseas operations, less-than-truckload services, autonomous delivery and AI.
Full Truck Alliance (NYSE:YMM) reported second-quarter 2026 revenue growth of 4.4% as transaction services expanded and platform fulfillment metrics reached record levels, despite what management described as a challenging market environment.

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2 days ago

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