Vision Fund is the largest shareholder of freight services provider Full Truck Alliance, which is reportedly seeking a $20bn valuation when it floats.

China-based trucking services provider Full Truck Alliance filed for a $1.5bn initial public offering yesterday that would enable internet groups Baidu and Tencent, internet technology provider Alphabet and telecommunications and internet conglomerate SoftBank to exit. Also known as Manbang Group, Full Truck Alliance runs an online platform where businesses can book space for freight delivery…

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