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with a loss of 6 billion yuan and a bleeding ipo, how does fengchao make money?

2024-09-12

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author: koala is a deer | editor: kuang shimin

“making consumers go from hating to liking is the biggest challenge in going from -1 to 1.”

good article 3870 words | 6 minutes to read

the title image comes from the movie "little red riding hood"

fengchao, the company located downstairs from you, has applied for an ipo again.

on august 30, fengchao, the operator of the smart express locker network, officially submitted its prospectus to the hong kong stock exchange. fengchao stated in its prospectus that the net proceeds from the ipo will be mainly used to expand and optimize the fengchao smart locker network, strengthen the service capabilities and scope of value-added services, research and development, strategic investment, etc.

if fengchao can successfully list on the hong kong stock exchange this time, it will become the fifth sf-affiliated listed company after sf holdings, sf reit, kerry logistics and sf express.

currently, fengchao’s largest shareholder is sf express’s founder wang wei, who controls approximately 48.45% of the voting rights of the total issued share capital.