SCHEDULE 13G/A: SoftBank Affiliates Maintain Significant 9.9% Stake in Full Truck Alliance
Beneficial Ownership Report (Schedule 13G Amendment)
SoftBank-affiliated entities, including SB Investment Advisers (UK) Limited and SoftBank Vision Fund L.P., have filed an amendment to their Schedule 13G, confirming a continued shared beneficial ownership of 9.9% in Full Truck Alliance Co. Ltd. as of March 31, 2025.
Summary
- This document is Amendment No. 6 to a Schedule 13G filing, detailing the beneficial ownership of Class A Ordinary Shares of Full Truck Alliance Co. Ltd. by several SoftBank-affiliated entities.
- The reporting persons include SB Investment Advisers (UK) Limited, SoftBank Vision Fund L.P., SVF Holdings (UK) LLP, SVF Holdings (Singapore) Pte. Ltd., and SVF Truck (Singapore) Pte. Ltd.
- As of March 31, 2025, these entities collectively beneficially own 1,861,378,589 Class A Ordinary Shares of Full Truck Alliance Co. Ltd.
- This aggregate ownership represents 9.9% of the Class A Ordinary Shares outstanding.
- The percentage is calculated based on 18,786,018,412 Class A Ordinary Shares outstanding as of December 31, 2024, as disclosed in the Issuer's Annual Report on Form 20-F filed with the SEC on April 14, 2025.
- SVF Truck (Singapore) Pte. Ltd. is the record holder of the shares, which consist of 1,720,606,089 Class A Ordinary Shares and 140,772,500 Class A Ordinary Shares represented by 7,038,625 American Depositary Shares (ADSs), with each ADS representing 20 Class A Ordinary Shares.
- The beneficial ownership is shared among the reporting persons due to their hierarchical relationship, with SB Investment Advisers (UK) Limited acting as the alternative investment fund manager (AIFM) for SoftBank Vision Fund L.P. and being exclusively responsible for investment decisions.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing disclosing beneficial ownership, providing factual information without expressing positive or negative sentiment regarding the company's performance or future prospects.
Future Outlook
NA
Industry Context
This filing indicates a continued significant investment by SoftBank-affiliated entities in Full Truck Alliance Co. Ltd., a major Chinese logistics technology platform. This aligns with SoftBank's historical strategy of investing in leading technology companies globally, particularly in digital transformation sectors like logistics and transportation.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional shareholder's continued stake, which can influence market perception and liquidity.
- Management: Awareness of a large, influential shareholder's continued interest in the company.
Key Dates
| Date | Description |
|---|---|
| 2024-12-31 | Date for which 18,786,018,412 Class A Ordinary Shares outstanding were reported in the Issuer's Annual Report on Form 20-F. |
| 2025-03-31 | Date of event which requires the filing of this statement, reflecting the beneficial ownership stake. |
| 2025-04-14 | Date the Issuer's Annual Report on Form 20-F was filed with the Securities and Exchange Commission. |
| 2025-05-14 | Filing date of this Schedule 13G Amendment No. 6. |
Keywords
Full Truck Alliance, SoftBank, SB Investment Advisers, SoftBank Vision Fund, Schedule 13G, Beneficial Ownership, Class A Ordinary Shares, ADSs, China logistics, technology investment
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