Beaconlight Capital Exits $6 Million Stake in Full Truck Alliance, Selling All 458,277 Shares

Beaconlight Capital sold its entire $6 million stake in Full Truck Alliance, a Chinese logistics platform that generated $1.8 billion in revenue last year. The fund's exit comes as Full Truck Alliance's stock has struggled, down 25% over the past year and underperforming the S&P 500. Despite this, the platform's core business remains healthy, with revenue up 11% to $1.79 billion in 2025 and net income jumping 43% to $637 million.