STO Express Co Ltd

002468

Company Profile

  • Business description

    STO Express is one of the Tongda operators, the top four national express delivery companies that adopt the network partner model. Tongdas provides 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 Tongdas’ 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 2025

    Employees

    9,293

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