According to news on October 29, Best Group and J&T Extreme Rabbit Express (” Extreme Rabbit”) jointly announced their strategic cooperation intention. Best Group agreed to transfer its domestic express delivery business at a price of approximately 6.8 billion yuan (1.1 billion US dollars). To the extremely rabbit. In the future, Best will further focus on express transportation, supply chain, international core logistics business, and deepen the comprehensive smart supply chain services.
Zhou Shaoning, Founder, Chairman and CEO of Best Group, said: “I am very happy to reach a strategic cooperation with Jitu. I believe that this cooperation is in the interests of all parties and will help promote the establishment of a benign and positive industry ecology. Best has always been committed to With advanced information technology and excellent operational capabilities, we will create comprehensive smart supply chain services to empower the digital economy. This strategic cooperation is also to better adapt to the new development pattern and implement the long-term strategic plan of the group. Best will focus on and Resources, to further promote the in-depth integration of supply chain, express transportation, and international business, accelerate business development, and create an international integrated smart supply chain service.”
Fan Suzhou, Executive President of J&T Extreme Rabbit Express, said: “Best Express has accumulated many years of industry experience, has a good infrastructure and excellent franchisee network resources. The complementary advantages of this acquisition can optimize the terminal network layout of both parties in the Chinese market and promote The refined network operation provides customers with better services and promotes the healthy growth of the industry.”
At present, the two parties are steadily advancing matters related to the transfer.