BEST Logistics Technology

BEST Logistics Technology


Launch date
Employees
Market cap
$55.6m
Enterprise valuation
$475m (Public information from Sep 2024)
小营街道 Zhejiang (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
CNY2019202020212022202320242025
Revenues35.2b30.0b11.4b7.7b8.3b17.5b19.6b
% growth27 %(15 %)(62 %)(32 %)7 %110 %12 %
EBITDA(115m)(1.5b)(1.2b)(1.3b)(578m)--
% EBITDA margin-(5 %)(10 %)(17 %)(7 %)--
Profit(202m)(2.0b)262m(1.5b)(814m)--
% profit margin(1 %)(7 %)2 %(19 %)(10 %)--
R&D budget243m191m180m144m116m--
R&D % of revenue1 %1 %2 %2 %1 %--
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DateInvestorsAmountRound
-

N/A

-

CNY15.0m

Angel

$10.0m

Series A
N/A

N/A

Series B

$10.0m

Series D
N/A

N/A

IPO
*

$150m

Post IPO Equity
*
N/A

N/A

Acquisition
Total Funding$22.1m

Recent News about BEST Logistics Technology

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More about BEST Logistics Technology
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BEST Inc. (Previously BEST Logistics) combines Internet, information technology and traditional logistics services to create new subversive business models in conformity with the colossal Chinese logistics industry, and to improve the efficiency and usage of information technology. The Chinese headquarters of BEST Inc is located in the beautiful West Lake city - Hangzhou, and has already established nowadays multi polar operations centers nationwide, whose network of distribution covers the whole country, extending until counties and townships in the remote countryside. The company's core philosophy is to invest in technology and talents. Harnessing the power of the Internet, IT and innovation, BEST is now revolutionizing the whole logistics industry, and building up a one-stop logistics and supply chain service platform to provide customers with efficient services and thus become a trustful and respectable leader in the logistics industry. Our multisided platform combines technology, integrated logistics and supply chain services, last-mile services and value-added services. BEST Cloud, our proprietary technology platform that seamlessly connects our systems with those of our ecosystem participants, is the backbone that powers our integrated services and solutions. Our logistics and supply chain services encompass B2B and B2C supply chain management, express and less-than-truckload delivery, cross-border supply chain management and a real-time bidding platform to source truckload capacity. Our last-mile services include online merchandise sourcing and store management for convenience stores as well as B2C services. In addition, we provide value-added services to support our ecosystem participants and help them grow.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.