portal
  Home About us Reports Charts News Custom Company Scan  
Report Charts News
*
Title Content
Economy&Goods
  Economy
  ConsumerGoods
  Food&Beverage
  Agriculture
Life Sciences
  Biotechnology
  Medical
  Pharmaceutical
Manufacturing
  Automotive
  Chemical
  Energy
  Machinery
  Material
  Metals & Minerals
Public Sector
  Environment
  Finance Service
  Infrastructure
  Logistics
  Real Estate
  Retailing
  Tourism
  Training
Technology And Media
  Electronics
  Internet
  Hardware
  Media
  Software
  Telecommunications

Tel: 0086-10-82600828
Fax: 0086-10-82601570
Email:


 YTO is 1st Chinese courier to get listed
 
CreateTime:2016-10-21     Source:Shanghai Daily Editor:liaoyan
Text Size:       
 

SHANGHAI-BASED YTO Express became China’s first courier firm to debut on the Shanghai Stock Exchange yesterday.

Alibaba-backed YTO Express seeks capital to expand its aircraft fleet as well as develop new technologies to stay competitive during China’s e-commerce boom, Chairman Yu Weijiao said, adding that the company now operates five cargo aircraft and plans to expand the fleet to 50 by 2020.

YTO Express handled over 3 billion parcels in 2015, a surge of 63 percent year on year. The firm predicted its net profit at 1.1 billion yuan (US$163 million) this year.

Shares of YTO Express fell 4 percent to close at 34.60 yuan (US$5.14).

YTO Express made a backdoor A-share listing via a reverse merger with Chinese garment maker Dalian Dayang Trands Co early this year and changed the stock name to YTO Express.

Separately, SF Express has announced a plan to list via a 43.3 billion yuan reverse takeover. It plans to merge with Shenzhen-listed Dingtai Rare Earth and New Materials via an asset swap, and use it as a shell company to list on the bourse.


Related Reports
China Bicycle Sharing Industry Report, 2017-2021
Global and China Third-party Logistics Industry Report, 2016-2020
China Express Delivery Industry Report, 2016
China Cold Chain Logistics Industry Report, 2016-2020
China Express Delivery Industry Report, 2015
2005-2010 www.researchinchina.com All Rights Reserved 京ICP备05069564号-1