Summary
Best Inc. Profile
| - Industry | - Sector | Mr. Shao-Ning Chou CEO | NYSE Exchange | US08653C1062 ISIN |
| China Country | 3,572 Employees | - Last Dividend | 4 Apr 2023 Last Split | 20 Sep 2017 IPO Date |
Overview
BEST Inc. is recognized as an innovative smart supply chain service provider headquartered in Hangzhou, the People's Republic of China. Since its establishment in 2007, BEST Inc. has harnessed the power of its proprietary technology platform, BEST Cloud, to spearhead the integration and efficiency of supply chain operations across China. This platform facilitates a dynamic ecosystem where businesses can leverage various SaaS-based applications to optimize their operations. The company's astute application of technologies across a wide spectrum, including network and route optimization, swap bodies, sorting line automation, smart warehouses, and store management, underscores its commitment to revolutionizing the supply chain and logistics sector. With an extensive portfolio of integrated services and solutions that span warehouse management, order fulfillment, and transportation, BEST Inc. caters to the comprehensive needs of both offline and online enterprises, establishing itself as a pivotal player in the supply chain domain.
Products and Services
- Integrated Supply Chain Solutions
- Express Delivery Services
- Cross-Border Supply Chain Services
- Real-Time Bidding Platform for Truckload Capacity
- Online Merchandise Sourcing and Store Management for Convenience Stores
- B2C Services
- Value-Added Services
BEST Inc. offers a comprehensive suite of services designed to streamline operations across the supply chain. This includes sophisticated warehouse management, order fulfillment services, and extensive transportation options, all aimed at enhancing the efficiency of offline and online businesses alike.
The company provides rapid and reliable express delivery services, facilitating expedited shipment and logistics solutions that cater to the urgent needs of its diverse clientele.
BEST Inc. extends its expertise beyond domestic borders, offering integrated door-to-door supply chain solutions that encompass international express, less-than-truckload, fulfillment, and freight forwarding. These services are designed to streamline the complexities of transnational logistics and trade to and from China.
To optimize transportation logistics, BEST Inc. operates a dynamic real-time bidding platform. This innovative marketplace allows for the sourcing of truckload capacity from a network of independent transportation service providers and agents, ensuring cost-efficiency and reliability in freight transport.
The company offers unique online sourcing and management solutions tailored for convenience stores. These services empower store owners with the tools necessary for efficient merchandise sourcing and robust store operation management.
BEST Inc. also targets the end consumer with a range of B2C services. These offerings leverage the company's extensive logistics and supply chain infrastructure to provide consumers with a seamless shopping and delivery experience.
Complementing its primary offerings, BEST Inc. provides an array of value-added services. These include pre-shipment inspection, cargo insurance, delivery of oversized items, Cash On Delivery (COD) facilitation, evidence of delivery, and upstairs delivery services. Each service is designed to meet the specific needs and preferences of BEST Inc.’s diverse clientele, ensuring a more comprehensive and satisfying service experience.
