As a leading JBR, CICC helped the Company discover investment highlights, ensuring high execution efficiency and locking in the largest IOI order. CICC is the top-ranked syndicate bank in terms of investor conversion rate and order contribution.
2.8 Million Truckers, 71.7 Million Fulfilled Orders, Digitally Transforming Road Transportation
In March 2021, approximately 1.4 million shippers posted shipping orders on the FTA platform. As smart phones and mobile Internet have been fully popularized, the company has pioneered a digital, standardized and smart logistics infrastructure across the value chain of the road transportation industry. In 2020, FTA facilitated 71.7 million fulfilled orders with GTV of RMB173.8 billion, and over 2.8 million truckers fulfilled shipping orders on the platform. In the first quarter of 2021, FTA facilitated 22.1 million fulfilled orders with GTV of RMB51.5 billion (US$7.9 billion), representing 170.2% and 108.0% year-over-year growth, respectively.
Through establishing nationwide infrastructure and industry standards that promote transparency, trust and efficiency across the logistics industry, FTA platform connects shippers with truckers to facilitate shipments across distance ranges, cargo weights and types, transforming the road transportation industry in China.
Promoting Digital Transformation of the Road Transportation Industry, Helping the Company Achieve its Strategic Plan
FTA’s US IPO has become another industrial Internet company IPO deal that CICC completed in a leading role. CICC has once again served an innovative company that uses technology and the Internet to empower traditional economies, and helped it enter the capital market.
Net proceeds of this offering will be used for investments in infrastructure development and technological innovations, promoting digital transformation of traditional road transportation industry among others. It is estimated that in 2020 FTA’s digital freight platform helped reduce carbon emissions by 330,000 metric tons. This offering strongly resonates with China’s national strategy to achieve "Carbon Peak" and "Carbon Neutrality".
