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shansong ipo, urgently needs a listing transfusion

2024-09-17

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shanfeng express, which has been established for ten years, has finally reached the critical moment of listing.

on september 13, eastern time, bingex limited (hereinafter referred to as bingex) officially submitted its prospectus and plans to be listed on the nasdaq. prior to this, on july 4, the china securities regulatory commission’s official website disclosed the filing notice regarding bingex’s overseas issuance and listing.

shunfeng express was founded in 2014. in order to avoid competition with domestic and foreign express giants, it chose to provide "one-to-one special delivery service" for individual and corporate customers, specifically solving the needs of "delivering keys" and "delivering documents" with high requirements for timeliness and security. it is a pioneer in this niche field.

shunfeng express was once a star startup project, but a decade later, the instant delivery industry it operates in has become a red ocean of competition. there are meituan express and fengniao express, which are backed by food delivery platforms, as well as dada, an e-commerce company, and sf express, an express delivery company. shunfeng express, which lacks the background of a giant and a stable traffic entrance, will face challenges in the future in maintaining the growth of order volume and continued profitability.

editor | pu yu

affiliation|i love learning club editorial department

the express delivery service got up early but ended up arriving late.

recently, information released by the china securities regulatory commission showed that bingex limited (hereinafter referred to as "bingex") has obtained us stock ipo registration and plans to issue no more than 57.5 million common shares on the nasdaq stock exchange in the united states.