Understanding the Market | Flash Rabbit Express-W rose more than 13% intraday, up over 45% this month, Flash Rabbit received tens of millions of dollars in additional capital from a Middle Eastern consortium
ZTO Express-W rose more than 13% intraday, with a cumulative increase of over 45% this month. As of the time of publication, it rose by 6.99% to HKD 8.57, with a turnover of HKD 191 million. On May 8th, ZTO Express announced a significant milestone as Easy Capital and a Middle Eastern consortium jointly injected tens of millions of US dollars into the company. In addition to the introduction of the Middle Eastern consortium, ZTO's Middle East localization strategy upgrade will focus on listing on the Saudi Stock Exchange in the next phase. CICC stated in a research report that the cost and experience barriers for express logistics in Saudi Arabia are high, and ZTO's localization strategy is in line with the Middle East market. By February 2024, ZTO Express's order volume surged to second in the industry, with over 30% of local customers, demonstrating strong growth momentum and market acceptance, laying a solid business foundation for its listing in Saudi Arabia. The bank pointed out that this capital injection will help ZTO deepen its international layout and accelerate its penetration into the Middle East market
According to the information from the Wise Finance APP, Zeekr Express-W (01519) rose by more than 13% intraday, with a cumulative increase of over 45% this month. As of the time of publication, it rose by 6.99% to HKD 8.57, with a turnover of HKD 191 million.
On the news front, on May 8th, Zeekr Express J&T Express announced the completion of a significant milestone, with Easy Capital and a Middle Eastern consortium injecting tens of millions of US dollars into it. In addition to introducing the Middle Eastern consortium, Zeekr's Middle East localization strategy upgrade will focus on listing on the Saudi Stock Exchange in the next phase.
CICC stated in a research report that the entry barriers for express logistics in Saudi Arabia are high in terms of cost and experience, and Zeekr's localization strategy is adapting to the Middle Eastern market. In February 2024, Zeekr Express's order volume jumped to second place in the industry, with local customers accounting for over 30%, demonstrating strong growth momentum and market acceptance, laying a solid business foundation for its listing in Saudi Arabia. The bank pointed out that this capital injection will help Zeekr deepen its international layout, accelerate the company's penetration into the Middle Eastern market