Aerial photo taken on Nov. 19, 2020 shows a cargo ship leaving a berth of the Qinzhou Port in south China's Guangxi Zhuang Autonomous Region. (Xinhua/Zhang Ailin)
BEIJING, Aug. 19 (Xinhua) -- BEST Inc. (NYSE: BEST), a leading integrated smart supply chain and logistics solutions provider in China, has seen big rise in its international business in the second quarter (Q2) this year, reported stcn.com Wednesday.
According to the company's latest financial report, its business revenue in Q2 registered 7.4 billion yuan, and the revenue from its international business grew by 63.4 percent year on year, the fastest among all its businesses.
During this period, the total parcels it delivered in Southeast Asia grew by 140.7 percent year on year or 26 percent from the first quarter (Q1) this year to 38.8 million, with that in Thailand and Vietnam rising by 80 percent and 195.5 percent year on year, respectively.
As a company actively seeking overseas opportunities, BEST Inc. has extended its business to 11 countries and regions, including the United States, Japan, Britain, France and Thailand, etc..
The company started in 2018 to lay out the storage and delivery network in the Southeast Asian market, which has been regarded by the industry as the first stop of domestic courier and logistics companies to expand international business, and finished the construction of such networks in Thailand, Vietnam, Malaysia, Singapore and Cambodia in 2019.
As of Q2 this year, BEST Inc. has owned 29 self-operated courier distribution centers and more than 1,300 courier stations in Southeast Asia, with its parcels reaching most of the cities and villages in the countries where these centers and stations are located.
The company has also launched a full-link cross-border logistics service in August this year, enabling domestic cross-border e-commerce business to go overseas and promoting the domestic and international dual circulation by integrating domestic cargo collection, international trunk line transportation, customs clearance, overseas storage, terminal distribution and other resources.
(Edited by Gu Shanshan with Xinhua Silk Road, firstname.lastname@example.org)