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BEST Inc. (BEST)

NYSE - NYSE Delayed Price. Currency in USD
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0.7200-0.0401 (-5.28%)
At close: 04:00PM EST
0.7380 +0.02 (+2.50%)
After hours: 07:55PM EST
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  • N
    Nadir
    Filled Form 13F/A (01/20/2022):
    Goldman Sachs just increased their position in $BEST inc by another 3% (387,539) to 12,965,352 shares
    Bullish
  • M
    Mike
    Original title: After RCEP takes effect, its business has reached a new level. Baishi Vietnam's single volume doubled during the Spring Festival. Source: Securities Times · e Company

    The Spring Festival is the largest and busiest traditional festival among Vietnamese people. As the Year of the Tiger approaches, major local e-commerce platforms have entered the long tail stage of the shopping season. Since the Christmas holiday shopping season, the volume of express waybills in Baishi Vietnam has increased by more than 220% compared with usual, and orders are mainly concentrated in clothing, home furnishings, gifts and other categories.

    Stimulated by the platform promotion and the epidemic, online shopping has become a daily consumption choice for many Vietnamese people. According to a report jointly released by Google, Temasek and Bain, Vietnam's e-commerce economy grew by 53% in 2021 and is expected to become the fastest-growing Internet economy in Southeast Asia in the next 10 years. At present, more than 70% of Vietnam's people are using smartphones, and the Internet penetration rate is about 66%.

    When the company started in 2019, there were less than 30 employees, and now we have about 13,000 staff to receive, send and process express delivery. We have witnessed the takeoff of the e-commerce economy here. Wu Di, general manager of Baishi Vietnam, introduced.

    In 2021, the annual volume of Baishi Vietnam increased by 325% year-on-year to 27 million pieces. Last year, Baishi invested more than 20 million yuan in Vietnam to expand the fleet. At the same time, more than 500 terminal stations were added and two large distribution centers were launched. Among them, the newly built distribution center in Beining City covers an area of 45,000 square meters and has a daily processing capacity of 1 million pieces. At present, Baishi is currently the largest distribution center in Southeast Asia. Center.

    At the beginning of January this year, Baishi Vietnam announced at the brand upgrade ceremony that in order to provide consumers with more comprehensive and efficient services, Baishi Vietnam will increase the network density, add sites to 1,500 in 2022, and open a secondary franchisee system to extend its tentacles to smaller market areas.

    At the promotion ceremony, Wu Di said: "Baishi's plan in Vietnam is based on ten or two decades. We will now lay a good foundation and introduce other mature Chinese logistics solutions and implement localization in the near future in order to serve the local economy and society and provide more jobs.

    Since 2019, Baishi has begun to lay out logistics and supply chain networks in emerging markets such as Southeast Asia, and is one of the first domestic logistics enterprises to "go abroad" in Southeast Asia.

    At present, Baishi has carried out express delivery business in Vietnam, Thailand, Malaysia, Singapore and Cambodia, and set up a cross-border logistics network between China and Southeast Asia. By the end of September 2021, Baishi had 30 self-operated express distribution centers and more than 1,400 sites in Southeast Asia.

    With the entry into force of the Regional Comprehensive Economic Partnership Agreement (RCEP) as scheduled at the beginning of this year and the recent opening of the China-Old Railway, Best's business in Southeast Asia will also take a new level.

    Zhou Shaoning, founder, chairman and CEO of Baishi Group, believes: "RCEP will greatly promote the growth of interregional trade, cross-border e-commerce and related industries. On the one hand, after the agreement takes effect, Baishi's cross-border logistics costs in Southeast Asia will be lower, customs clearance efficiency will be improved, and investment will be more convenient; on the other hand, Baishi's business in Southeast Asia can also better participate in the open market in the region, creating more opportunities for expanding business and attracting investment.
    Bullish
  • M
    Mike
    Filled form 13G/A (01/19/2022):

    Johnny Chou, CEO added 320,000 shares in his holding total 48,624,563 sh.
    Bullish
  • Y
    Yahoo Finance Insights
    BEST reached an all time low at 0.77
  • A
    A2P
    What's going on here?
  • T
    Trufflespore
    De-listing from market place is getting closer…
  • m
    mason
    Anyone have any clue when this share buy back is happening
  • M
    Mike
    BEST sold their Domestic express business not their International express business just to clarify to everyone
    Bullish
  • M
    Mathew
    we will firmly center our business on three key pillars – integrated supply chain, freight and global logistics services. We are confident that focusing on these core competencies will enable us to deliver enhanced value for our customers and shareholders."
  • A
    A2P
    This is going to reach $3 by Jan.
    Bullish
  • M
    Mike
    This and $BEST will recover
    Bullish
  • M
    Mike
    Buy $BEST, $JD, $BABA
  • m
    mason
    Anyone know the reason for the jump?
  • s
    shadi
    Everyone is buying Best, it will reach 2.5$ soon.
  • c
    chrisb
    ready for the multi-year bull run.
    Bullish
  • m
    mason
    We are slowly making progress
  • c
    chrisb
    wow...
  • M
    Martin
    back to 2$ soon
    Bullish
  • A
    Anonymous
    Chinese stock here we go gambble time
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