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The Bamboo Works

Full Truck Alliance Shift Up a Gear on Regulatory Easing Reports

Omicron Company China Beijing Didi United States Kanzhun Meituan NYSE Tencent

Key Takeways:

Full Truck Alliance shares are up 60% from a mid-March low, including a 32% gain since Friday, on reports that Beijing may ease its regulatory oversight of big tech companies
Company is currently undergoing a data security review and said its business could contract in the second quarter due to Omicron-related disruptions

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