Full Truck Alliance (YMM), also known as FULL TRUCK ALLIANC SPON ADS EACH REP 20 ORD SHS CL A, saw its stock soar 5.60% in pre-market trading on Monday. This significant uptick comes in the wake of the company's announcement of a major policy change aimed at improving employee work-life balance.
According to an internal announcement, Full Truck Alliance has decided to cancel its monthly "Struggle Day" policy, which previously required employees to work on the last Saturday of each month. This move effectively implements a full two-day weekend for all employees. The company emphasized that this adjustment is part of its efforts to optimize work experience and respond to employee needs. However, Full Truck Alliance stressed that this change does not signify a weakening of the company's competitive spirit, stating that employees still need to maintain a competitive mindset and focus on creating value in the face of intense market competition.
The positive pre-market reaction suggests that investors view this policy change favorably, potentially seeing it as a move that could boost employee morale and productivity in the long term. In related news, the company recently responded to market rumors about a potential secondary listing in Hong Kong, stating that there are currently no such plans. Full Truck Alliance indicated that it will continue to monitor market developments and evaluate the possibility of a dual listing in the future if needed.