STO Express Co Ltd

Company Profile

• Business description

  STO Express is one of the Tongda operators, one of the top four national express delivery companies that adopt the network partner model. Tongda operators provide line-haul transportation, sorting, and waybill services to network partners for fees, while local network partners provide first-mile pickup and last-mile delivery services under the Tongda brands and collect the payments. STO was founded in 1993 by Nie Tengfei. His widow's brother, Chen Dejun, is now chair. The family held over 34% of the company as of Sept. 30, 2024. STO’s strategic shareholder is Cainiao Smart Logistics Network with a 25% stake. Alibaba can exercise its share options to purchase an additional 21% of STO from the family before Dec. 27, 2025, at CNY 16.50 per share.

• Contact

  No. 25, Lane 6598, Beiqing Road
  Yibang International Office Building
  Qingpu District
  Shanghai201706
  CHN

  T: +86 2160376610

  http://www.sto.cn

• Sector

  Industrials

  Stock type

  Sensitive

• Industry

  Integrated Freight & Logistics

  Fiscal Year End

  31 December 2026

  Employees

  12,637