What to Know About This Fund's $194 Million Exit From a China Logistics Stock

Kontiki Capital Management sold its entire 20.38 million share stake in Full Truck Alliance (YMM) for approximately $193.84 million. Despite solid operational metrics including 5.5% revenue growth and 33% surge in transaction service revenue, the stock has underperformed, declining 24% over the past year. The fund's exit raises questions about whether the company can convert its growing network into faster earnings growth, as net income fell 22% year-over-year.

05/31/2026, 2:33 PM • The Motley Fool

ZG Group Revenue Rises, But Loss Widens Significantly

ZG Group, a Chinese steel trading platform, reported 36.7% revenue growth to 2.12 billion yuan in 2025, but gross margins fell sharply from 27.5% to 17.9%, and net losses ballooned from 68.7 million yuan to 590 million yuan. The company is diversifying into supply-chain services, international expansion, and AI tools to drive long-term growth, but these lower-margin businesses are pressuring profitability. The stock has fallen over 50% in six months amid concerns about corporate direction and earnings sustainability.

04/06/2026, 7:37 AM • Benzinga

YMM Stock Fell Nearly 20% Last Quarter, but One Fund Is Betting $116 Million on a Turnaround

Despite Full Truck Alliance (YMM) stock falling nearly 20% in Q4 2025, London-based North of South Capital LLP increased its position by 240,446 shares, bringing its total stake to $116.40 million (10.46% of AUM). The fund's confidence appears grounded in the company's operational strength, with Q3 2025 showing 10.8% revenue growth and 22.3% order growth, despite near-term market skepticism around China tech stocks.

02/12/2026, 4:16 PM • The Motley Fool

This China Tech Stock Just Became a Fund’s Top Holding With a $33 Million Buy

Bright Valley Capital established a new position in Full Truck Alliance Co. Ltd. (YMM) by purchasing 2.57 million shares valued at $33.36 million, making it the fund's top holding at 26.37% of AUM. The digital freight platform company demonstrated strong fundamentals with 10.8% YoY revenue growth and 22% growth in fulfilled orders in Q3, while maintaining a robust balance sheet with $4.4 billion in cash and investments.

01/04/2026, 4:15 PM • The Motley Fool

Why Full Truck Alliance Stock Plummeted by Almost 12% Today

Full Truck Alliance reported mixed Q3 results with 11% revenue growth but 20% net income decline. The company saw record platform users but experienced a sharp stock price drop due to slightly underwhelming financial performance.

11/17/2025, 5:02 PM • The Motley Fool

Full Truck Alliance Q3 Sales Rise 10.8% On Strong Order, Profit Declines

Full Truck Alliance reported Q3 revenue growth of 10.8% to 3.358 billion Yuan, with 63.4 million fulfilled orders. Despite revenue increase, adjusted operating income declined, and the company expects 17.1% to 22.5% year-over-year revenue growth.

11/17/2025, 10:14 AM • Benzinga

Investment Manager Buys $88 Million of Chinese Stock. What's Behind This Big Move?

Krane Funds Advisors LLC increased its stake in Full Truck Alliance by 5.88 million shares, worth $88.88 million, making it the fund's 4th-largest holding representing 10% of assets under management.

11/12/2025, 8:26 AM • The Motley Fool