SHG:600233 - YTO Express Group Co Ltd YTO Express Group Co Ltd
Sector: Industrials, Industry: Air Freight & Logistics
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CNY 15.5    +0.36 (+2.38%)

29 Mar 2024


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General

CEO: Mr. Shui Miao Pan

IPO: 2000-04-24

Headquarters: CN

Employees: 17,240

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Description

YTO Express is one of the Tongda Operators—the top four national express delivery companies that use the network partner model. In this model, Tongdas provide line-haul transportation, sorting, and waybill services to their network partners for fees, while their local network partners provide first-mile pickup and last-mile delivery services under the Tongdas’ brands and collect customer payments. The company was founded by Yu Huijiao in 2020. Yu remains chair and president with a 33.22% stake as of Sept. 30, 2023. Yu and Zhang Xiao Juan, who owned 2.15% of YTO as of that date, are persons acting in concert. YTO’s strategic shareholder is leading China e-commerce company Alibaba Group and its affiliated companies, with around a 20.65% interest as of Dec. 2, 2023.

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