China's 'Uber' for trucks looking to boost focus on big data technologies

Full Truck Alliance Group, China's biggest application for Uber and Didi-like truck services, is looking to break even this year by leveraging its financial services for truck drivers and integrating existing resources with the help of big data technologies.

Luo Peng, chief executive officer and co-founder of Guiyang Huochebang Technology Co and joint president of Full Truck Alliance Group, said the platform will offer comprehensive services for truck drivers like financial products for electronic toll collection payments, fuel and tire purchases, and loans to boost transactions.

Headquartered in Guiyang, capital of Guizhou province, Full Truck Alliance was created through the merger of Huochebang and Yunmanman in 2017. The company has about 5.5 million registered truck drivers, accounting for some 90 percent of the total number of freight truck drivers on the main highways in China.