Full Truck Alliance Co. Ltd. announced changes to its freight brokerage service, including a decision to increase the service fee rate. This adjustment is intended to reduce the service's reliance on government grants and mitigate potential uncertainties associated with them.
The company expects that, starting from the quarter ending September 30, 2025, the transaction volume of its freight brokerage service will significantly decline. This anticipated decrease in volume is projected to result in a decline in revenue from this segment.
Furthermore, the cost of revenue for the freight brokerage service is expected to increase, which may adversely affect the company's profit to a certain extent. This strategic pivot aims to ensure the long-term sustainability of the freight brokerage business by optimizing its revenue structure.
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