SCHEDULE: SoftBank Entities Maintain 7.4% Stake in Full Truck Alliance
Beneficial Ownership Report (Schedule 13G Amendment)
Multiple SoftBank-affiliated entities have jointly reported a 7.4% beneficial ownership stake in Full Truck Alliance Co. Ltd., totaling over 1.38 billion Class A Ordinary Shares.
Summary
- 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. are the reporting persons.
- The reporting persons collectively beneficially own 1,386,022,769 Class A Ordinary Shares of Full Truck Alliance Co. Ltd.
- This ownership represents 7.4% of the Class A Ordinary Shares outstanding.
- The beneficial ownership information is presented as of March 31, 2025.
- The percentage of class was 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 on April 14, 2025.
- SVF Truck (Singapore) Pte. Ltd. is the record holder of 1,183,520,529 Class A Ordinary Shares and 202,502,240 Class A Ordinary Shares represented by 10,125,112 American Depositary Shares (ADSs), where each ADS represents 20 Class A Ordinary Shares.
- All reporting persons share both voting and dispositive power over the reported securities due to their hierarchical relationships within the SoftBank Vision Fund structure.
Sentiment
Score: 5
Explanation: The filing is a routine disclosure of beneficial ownership by a major institutional investor and does not contain performance-related information or significant changes that would alter sentiment.
Positives
- The continued significant institutional investment by SoftBank-affiliated entities indicates ongoing confidence in Full Truck Alliance Co. Ltd.'s business prospects.
- The filing provides transparency to the market regarding a major shareholder's substantial stake.
Future Outlook
This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding the issuer's future performance.
Industry Context
SoftBank Vision Fund is a prominent global investor in technology and logistics platforms. This filing reflects their continued strategic investment in Full Truck Alliance, a leading digital freight platform in China, aligning with their broader strategy of backing disruptive technology companies in key markets.
Related Party Transactions
- The filing details the hierarchical relationships among the SoftBank-affiliated reporting persons (SoftBank Vision Fund L.P., SVF Holdings (UK) LLP, SVF Holdings (Singapore) Pte. Ltd., SVF Truck (Singapore) Pte. Ltd., and SB Investment Advisers (UK) Limited) that lead to shared beneficial ownership.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional investor's continued stake in the company, offering insight into major ownership structures.
- Management: Awareness of a major shareholder's position and potential influence on corporate decisions.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date for the number of Class A Ordinary Shares outstanding (18,786,018,412) used for percentage calculation. |
| 03/31/2025 | Date as of which the beneficial ownership information is presented. |
| 09/30/2025 | Date of event which requires filing of this statement. |
| 11/14/2025 | Filing date of the Schedule 13G Amendment No. 7. |
Keywords
Full Truck Alliance, SoftBank, SB Investment Advisers, SoftBank Vision Fund, Schedule 13G, Beneficial Ownership, Class A Ordinary Shares, Institutional Investor, China Logistics, Trucking Platform
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