This post was originally published on this site
The company is currently undergoing a cybersecurity review of its Yunmanman and Huochebang apps. In the latest quarter, YMM saw a significant increase in the number of fulfilled orders, up to 78.4% year over year. Going forward, the company is looking to sharpen its technological edge and broaden its logistics network.
The firm’s balance sheet looks solid as its current assets of $4.6 billion are much higher than its current liabilities. In the third quarter, revenue jumped 68.9% year over year to $192.7 million. Next year, sales are expected to rise 84.3%, while earnings are forecasted to surge 1,150%.
