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May 28, 2021 05:41 AM (GMT+8) · EqualOcean
On May 28, Beijing time, manbang group, the world's leading digital freight transport platform, submitted its IPO application documents to the US SEC and planned to be listed on the New York Stock Exchange with the stock code "YMM" and underwriters including Morgan Stanley, CICC and Goldman Sachs. According to the documents, in 2020, manbang's GTV (platform total transaction volume) reached 173.8 billion yuan, with 71.7 million orders, revenue of 2.58 billion yuan, gross profit rate of 49%, and net profit of 281 million yuan under non GAAP. In the first quarter of 2021, manbang GTV reached 51.5 billion yuan, a year-on-year increase of 108%; The revenue was 867 million yuan, a year-on-year increase of 97.7%, and the net profit under non GAAP increased 324.4% to 113 million yuan.

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