Shulou(Shulou.com)11/24 Report--

Thank you, Mr. Air, CTOnews.com netizens, and Daniel Wu for your clue delivery! CTOnews.com June 18 news, extreme Rabbit Express submitted a Hong Kong IPO application, listing co-sponsors for Morgan Stanley, Bank of America and China International Capital Corporation, plans to raise US $500-1 billion.

CTOnews.com learned from the official announcement that the business of extreme Rabbit Express began in Indonesia and gradually expanded to other countries in Southeast Asia, including Vietnam, Malaysia, the Philippines and Thailand.

China, Cambodia and Singapore. According to Frost Sullivan, the market share of polar rabbit express delivery is 22.5% in terms of package volume in 2022.

Polar Rabbit Express entered the Chinese express market in 2020 and has a market share of 10.9 per cent by package volume, according to Frost Sally. At present, it has fully covered seven countries and regions in the southeast, and the geographical coverage of counties and districts in China has exceeded 98%.

Polar Rabbit Express has 104 regional agents and about 9600 network partners. As of December 31, 2022, it operates 280 transit centres with more than 8100 trunk transport vehicles, including more than 4020 self-owned trunk transport vehicles and about 3800 trunk routes, as well as more than 21000 locations and delivery outlets.

Polar Rabbit Express has an annual global package volume of 14.6 billion pieces in 2022, an increase of 39.0% compared with 10.5 billion pieces in 2021 and an increase of 350.6% over 3.2 billion pieces in 2020.

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