顺丰今日上市 掌门王卫身家过千亿 或成行业首富

口语部 · 英语资讯 ·

China’s largest delivery firm SF Express officially listed

China’s leading courier firm, Shunfeng Express, made its debut on the Shenzhen stock exchange on Friday, furthering the competition in China’s delivery market.

Analysts say the market valuation of SF Express is estimated at around 210 billion yuan (30 billion US dollars), making SF Express the biggest Chinese courier company by market capitalization.

The listing comes as China's booming courier service sector booked 400 billion yuan in revenues in 2016. State Post Bureau officials expect the figure to grow to 500 billion yuan this year.

China’s courier sector has seen fast securitization since 2016. YTO Express became the first listed delivery company in Chinese market in October, and ZTO made its debut on New York Stock Exchange one month later.

The move also makes Wang Wei, SF Express's chairman and founder, worth more than 111.1 billion yuan.

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