On Sunday, China Securities Magazine reported that freight logistics corporate Huailian Provide Chain Control Co., Ltd., a subsidiary of Midai Workforce, finished the audit of asset M&A, and scheduled to officially publish an software for list on the Nasdaq in Would possibly. Because of this Huailian could also be the following Chinese language freight logistics corporate that is going public in america after Manbang and ZTO Categorical.
Mitai Workforce used to be established in November 2014. Depending on Web era, it’s dedicated to construction a diverse monetary and monetary intelligence platform with the car business chain because the core. Previous, the corporate used to be funded through the China Funding Company Offshore Fund with 160 million yuan ($24.6 million). The budget had been basically used within the logistics sector.
Huailian used to be established in December 2019 all the way through the large increase length of Web freight platforms. The corporate additionally benefited from an increasingly more fierce homogenious pageant of computing energy. In line with the Ministry of Delivery, as of December 31, 2021, there have been 1968 community freight enterprises (together with branches) in China. Going through drive, Huailian constructed a sensible Web attached platform on-line and is actively increasing its capability pool offline.
Huailian realizes skilled control thru its self-developed TMS built-in logistics control device and plenty of of its clever techniques, together with visible tracking and automobile protection ensure, in addition to a cell App and background name provider middle. By means of integrating the scattered automobile provider chain inside the entire of society, Huailian has established a transportation capability device everywhere China and is within the strategy of putting in a symbiotic and win-win logistics ecosystem.
As well as, Huailian is integrating native transportation assets to shape a logistics hyperlink in line with direct operations. Its director is suggesting that Huailian plans to combine over 2000 direct gross sales shops through the top of 2022 and targets to become China’s biggest direct gross sales logistics corporate.
SEE ALSO: Logistics Company SF Categorical Launches “0 Carbon Long term” Undertaking
In 2021, its overall transaction quantity of Gross Transaction Price (GTV) registered 7.1 billion yuan and its revenues in 2020 and 2021 had been 6 billion and seven.1 billion yuan. By means of the top of 2021, Huailian expanded its trade to 202 Chinese language towns, with 526 self-owned shops and 5,200 self-owned cars. In 2021, it finished greater than 21 million transportation orders with a expansion charge of twenty-two% yr on yr.