SF Intra-city
| Company type | Public |
|---|---|
| Industry | On-demand delivery services |
| Founded | March 2019 |
| Founder | SF Express |
| Headquarters | , China |
Area served | China, Hong Kong |
| Products | Third-party on-demand delivery services |
| Revenue | RMB 10 billion (2022) |
| Turned profitable in 2023 | |
Number of employees | 550,000 active merchants (2024) |
| Website | www |
Hangzhou SF Intra-city Industrial Co., Ltd. (杭州顺丰同城实业股份有限公司), also known as SF Intra-city, is the largest independent third-party on-demand delivery platform in China. The company provides delivery services across various scenarios such as food, local retail, e-commerce, and local services, SF Intra-city is headquartered in Shenzhen, Guangdong, and is a subsidiary of SF Express.[1]
SF Intra-city operates as a separate entity from SF Holding since 2019 and was listed on the Hong Kong Stock Exchange in December 2021. As of 2024, the platform covers more than 2,000 cities and counties across China and started offering services in Hong Kong under the brand name "SoFast."[2]
History
[edit]SF Intra-city began as an internal division of SF Express in 2015, targeting the growing market for intra-city, on-demand delivery services. In 2019, it became an independent legal entity, officially operating as Hangzhou SF Intra-city Industrial Co., Ltd.[3][4]
In December 2021, the company was successfully listed on the Main Board of the Hong Kong Stock Exchange. By 2023, it became the first third-party on-demand delivery service provider in China to turn profitable.[5] In 2024, SF Intra-city expanded its services to Hong Kong under the brand "SoFast" and was included in the Hang Seng Composite Index.[6]
Strategic partnerships
[edit]SF Intra-city has established strategic partnerships with leading platforms like Douyin (TikTok in mainland China), Alibaba Group, WeChat, and DiDi. These collaborations help SF Intra-city expand its service offerings and enhance customer experiences.[7][8]
History
[edit]- 2015: SF Intra-city was established as a business unit of SF Express.[3]
- 2019: SF Intra-city became an independent legal entity.[3]
- 2021: Listed on the Main Board of the Hong Kong Stock Exchange.[2]
- 2023: Achieved profitability, becoming the first company in the on-demand delivery industry to do so.[8]
- 2024: Expanded services to Hong Kong under the brand "SoFast." and soon be included in the Hang Seng Composite Index.[6]
See also
[edit]References
[edit]- ^ "SF Intra-city (9699.HK) "SoFast" Officially Launches in Hong Kong, with 24/7 One-Hour Intra-City Delivery Service, Starting in Yau Tsim Mong District Riders can earn additional rewards through referrals". AsiaOne. Retrieved 2024-10-22.
- ^ a b "SF Holding's intra-city delivery service receives green light for Hong Kong IPO". KrASIA. Retrieved 2024-10-22.
- ^ a b c "SF Intra-city offers HK delivery drivers better pay". China Daily. Retrieved 2024-10-22.
- ^ "SF Intra-City promises to deliver the goods". The Standard (Hong Kong). Retrieved 2024-10-22.
- ^ "SF Intra-city listed on HKEX". Retrieved 2024-10-20.
- ^ a b "SF Intra-city (9699.HK) to be Included in Hang Seng Composite Index, is expected to enter Stock Connect on 9th September". The Manila Times. Retrieved 2024-10-22.
- ^ "Douyin Waimai's future in doubt after another strategic shift by ByteDance". KrASIA. Retrieved 2024-10-22.
- ^ a b "SF Intra-city Realised Profitability in 2023, Demonstrating High-Quality and Healthy Growth". PR Newswire. Retrieved 2024-10-22.