Draft:YTO Express Group

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YTO Express

YTO Express Group (also known as Shanghai YTO Express Logistics Company Limited) is a Chinese private logistics company. It was founded in May 2000. The headquarters is located in Shanghai. YTO Express operates in all major cities in mainland China, as well as in Hong Kong, South Korea, Japan and Taiwan.[1][2][3][4]

History[edit]

In May 2000, Yu Weijiao, a businessman who bought a small warehouse in Shanghai, founded YTO Express (Yuantong), a courier delivery company. He made Saturday and Sunday delivery a competitive advantage. After launching the Taobao platform in 2003, Yu Weijiao switched to delivering orders from online shops and made his first profit, and partnered with Jack Ma (both are Hangzhou natives) in 2005.[5]

In 2006, YTO Express established an overseas operations division and launched an international parcel service, and established a subsidiary in Hong Kong in October 2010. By 2015, the company had brought the number of centres in the country to 20,000, with 14 billion parcels delivered in 2014 and revenue reaching $37.79 billion. YTO Express began delivering parcels to Taiwan in July 2013, South Korea in May 2014, and Japan in October 2014. In March 2015, charter flights of subsidiary YTO Cargo Airlines started. In August 2015, YTO Express established a subsidiary in Australia, a subsidiary in South Korea in February 2016, a subsidiary in Thailand in April 2016, a subsidiary in Germany in May 2016, a subsidiary in the United States in August 2016, and a subsidiary in Japan in September 2016.[6]

In May 2017, YTO Express acquired Hong Kong's publicly traded On Time Group, from which it formed the global logistics platform YTO Express International Holdings. In September 2017, YTO Express invested in the Yiwu-Xinjiang-Europe railway route. In July 2020, Wiseway became a shareholder of YTO Express Australia, and YTO Express signed an agreement to develop a cargo airport in Jiaxing.[6]

In September 2020, YTO International launched the Hangzhou — Tokyo air cargo route.[6]

Activity[edit]

YTO Express specializes in the courier delivery of letters, parcels and packages, including purchases from online shops, as well as the delivery of groceries from retail chains and ready-to-eat food from restaurants. YTO Express manages warehouses and logistics parks, supply chains, procurement and sales, inventory, domestic and international transport by road, rail, air and sea, and provides customs clearance services for imports and exports. As part of its supply chain management, YTO Express places special emphasis on the delivery of apparel, footwear, accessories, medicines, vaccines, flowers, frozen foods, consumer and office electronics, electronic and automotive components, metals and chemicals.[7]

YTO International (Hong Kong) has a network of warehouses and service centers in 18 countries and operates over 2,000 air and sea routes to 150 countries. The company also operates goods trains on the Yiwu-Xinjiang-Europe route.[6]

YTO Cargo Airlines is a cargo airline based in Hangzhou (the main hub is Hangzhou Xiaoshan International Airport). The company operates scheduled flights to 11 countries, including Tianjin, Wuxi, Shanghai, Chengdu, Guangzhou, Hong Kong, Seoul, Osaka, Tokyo, Manila, Ho Chi Minh City, Bangkok, Singapore, Dhaka, Bangalore, Karachi, Lahore, Bishkek and Tashkent. As of January 2022, YTO Cargo Airlines had 11 cargo plane.[8][9][10]

At the end of 2021, 84.1 % of YTO Express turnover came from mainland China, 7.9 % from Hong Kong, Macau and Taiwan, and 8 % from the rest of the world.[11]

Logistic hubs[edit]

YTO Express main logistics hubs are located in Shanghai (Pudong), Hangzhou, Jinhua (Yiwu), Jiaxing, Nanjing, Qingdao, Changsha, Hong Kong, Incheon and Manila.

Subsidiary companies[edit]

Shareholders[edit]

The largest shareholders of YTO Express are Yu Weijiao (37.4%), Alibaba Group (12%), Hangzhou Ali Venture Investment (9.9%) and Shanghai Yunfeng Investment Management (3.6%).[11]

References[edit]

  1. ^ "YTO Express Group". Forbes. Archived from the original on 2022-08-28. Retrieved 2022-08-28.
  2. ^ "YTO Express Group Co Ltd". Reuters. Archived from the original on 2022-08-28. Retrieved 2022-08-28.
  3. ^ "YTO Express Group Co Ltd". The Financial Times. Archived from the original on 2022-08-28. Retrieved 2022-08-28.
  4. ^ "YTO Express Group Co. Ltd". The Wall Street Journal. Archived from the original on 2022-08-28. Retrieved 2022-08-28.
  5. ^ "Yu Weijiao". Week in China. Archived from the original on 2022-08-26. Retrieved 2022-08-26.
  6. ^ a b c d "Company Introduction". China Daily. Archived from the original on 2020-02-16. Retrieved 2024-05-13.
  7. ^ "Products & Solutions". YTO International. Archived from the original on 2022-08-26. Retrieved 2022-08-26.
  8. ^ "YTO Cargo Airlines". ch-aviation. Archived from the original on 2022-08-26. Retrieved 2022-08-26.
  9. ^ "YTO Cargo Airlines". International Air Transport Association (IATA). Archived from the original on 2022-08-26. Retrieved 2022-08-26.
  10. ^ "YTO Cargo Airlines Fleet Details and History". Planespotters.net. Archived from the original on 2019-04-17. Retrieved 2022-08-26.
  11. ^ a b "YTO Express Group". Market Screener. Archived from the original on 2022-08-28. Retrieved 2022-08-28.

External links[edit]

Category:Chinese companies established in 2000 Category:Companies_based_in_Shanghai Category:Companies_listed_on_the_Shanghai_Stock_Exchange Category:Logistics

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