Watch the Uncovered Asia video with Andrew Stotz to learn more about the latest developments in YTO Express (International) Holdings Limited.
Company: YTO Express (International) Holdings Limited
Bloomberg ticker: 6123 HK
Background: YTO Express (International) Holdings Limited is an international logistics business listed on the Hong Kong Stock Exchange. The company operates in China, Europe, North America, and Rest of Asia.
Why the price rally in YTO Express?
Recently, Alibaba increased its stake in YTO Express Holdings to 22.5% from 10.5%. The share price soared 259% on September 2nd!
The logistics business has been booming as Chinese consumers increased their e-commerce spending amid COVID-19.
Alibaba has invested in several logistics companies in recent years due to fierce competition from JD.com. JD.com operates its own in-house logistics network. Alibaba’s other logistics company investments include ZTO Express and BEST Inc.
Join the conversation in the comments below, or on LinkedIn.
DISCLAIMER: This content is for information purposes only. It is not intended to be investment advice. Readers should not consider statements made by the author(s) as formal recommendations and should consult their financial advisor before making any investment decisions. While the information provided is believed to be accurate, it may include errors or inaccuracies. The author(s) cannot be held liable for any actions taken as a result of reading this article.