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BEST Inc

@best-inc.com

BEST Inc. (NYSE: BEST) is a leading integrated smart supply chain and logistics solutions provider.

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Description

BEST Inc is a Chinese logistics and supply chain management company that was founded in 2007 by Johnny Chou and his team. The company's headquarters are located in Beijing, China. BEST Inc is primarily engaged in providing integrated supply chain solutions, including express and freight delivery, warehouse management, and supply chain management services.


The company operates through its two major divisions, BEST Express and BEST Supply Chain. BEST Express is the company's express delivery and courier division, offering a wide range of logistics services, including domestic and international express delivery, postal services, and cross-border e-commerce logistics. It operates an extensive network of sorting centers, transportation vehicles, and last-mile delivery stations across China.


BEST Supply Chain, on the other hand, focuses on providing comprehensive supply chain management services to various industries, including technology, automotive, retail, and healthcare. The division offers services such as inventory management, order fulfillment, and value-added services like packaging and labeling. In terms of global operations, BEST Inc has expanded its footprint beyond China and established subsidiaries, joint ventures, and partnerships in other countries.


In 2018, the company entered a strategic partnership with Cainiao Network, the logistics arm of Alibaba Group, to enhance its delivery network and provide better services to e-commerce customers. The company has a strong market position in China and has been recognized as one of the leading players in the logistics industry. It competes with other major logistics companies like SF Express and JD Logistics in terms of market share and customer base.


As for major events and achievements, in 2018, BEST Inc went public on the New York Stock Exchange (NYSE). This IPO raised significant funds for the company, which it intended to utilize for expanding its logistics network, enhancing technological capabilities, and driving further growth. Currently, BEST Inc continues to strengthen its position in the logistics industry

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Company Type

Public Company

Company Size

10,001+

Year Founded

2007

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