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Yunda Holding Co (SZSE:002120) Money Market Investments


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What is Yunda Holding Co Money Market Investments?

Money Market Investments only applies to banks.


Yunda Holding Co (SZSE:002120) Business Description

Traded in Other Exchanges
N/A
Address
No.8 South Yongqing Road, Chongshou Town, Cixi, Ningbo, CHN, 315300
Yunda is one of the "Tongdas", which refers to the top four national express delivery companies that adopt the network partner model. In this model, Tongdas provide line-haul transportation, sorting, and waybill services to its network partners for fees, while its local network partners provide first-mile pickup and last-mile delivery services under the Tongdas' brands and collect the customer payments. Unlike some other peers, Yunda controls 100% of its hub-level transit centers, ensuring higher quality assurance. The company was founded by couple Nie Tengyun and Chen Liying. Nie remains the Chairman and President, with a 54.8% stake as of Sept. 30, 2023. Yunda's strategic shareholder is leading China e-commerce company, Alibaba Group, with around a 1.99% interest.