HANGZHOU, China, Nov. 23, 2023 /PRNewswire/ -- BEST Inc. (NYSE:BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced that the independent special committee (the "Special Committee") of the Company's board of directors (the "Board"), formed to evaluate and consider the previously announced preliminary non-binding proposal letter dated November 3, 2023 (the "Proposal"), has retained Kroll, LLC as its financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP as its U.S. legal counsel.

JAKARTA, Indonesia, Aug. 29, 2024 /PRNewswire/ -- On August 29, BEST Inc. held an opening ceremony in North Jakarta, Indonesia, announcing the official launch of cross-border supply chain services and full-scenario, full-link SaaS solution services in Indonesia. This is another heavyweight market of BEST following investments in Thailand, Vietnam, Malaysia, Singapore, and the Philippines, marking another important step in BEST's strategic layout in Southeast Asia. With over ten years of innovation in technology and business models, BEST Inc., a leading provider of smart supply chain and logistics services in China and Southeast Asia, operates over 20,000 service outlets, over 400 cloud ware

HANGZHOU, China, June 20, 2024 /PRNewswire/ -- BEST Inc. (NYSE:BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced that it has entered into an Agreement and Plan of Merger (the "Merger Agreement") with BEST Global Partners, an exempted company with limited liability incorporated under the laws of the Cayman Islands ("Parent") and Phoenix Global Partners, an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly-owned subsidiary of Parent ("Merger Sub"). Pursuant to the Merger Agreement, Merger Sub will merge with and into the Company, wit

HANGZHOU, China, June 6, 2024 /PRNewswire/ -- BEST Inc. (NYSE:BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia ("SEA"), today announced its unaudited financial results for the first quarter ended March 31, 2024. FINANCIAL HIGHLIGHTS (1) For the First Quarter Ended March 31, 2024:(2) Revenue was RMB1,942.0 million (US$269.0 million), compared to RMB1,715.3 million in the first quarter of 2023. The increase was primarily due to increased revenue of BEST Freight and BEST Global.Gross Profit was RMB55.2 million (US$7.6 million), compared to gross loss of RMB8.5 million in the first quarter of 2023. The

HANGZHOU, China, March 27, 2024 /PRNewswire/ -- BEST Inc. (NYSE:BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia ("SEA"), today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023. FINANCIAL HIGHLIGHTS (1)  For the Fourth Quarter Ended December 31, 2023:(2) Revenue was RMB2,236.3 million (US$315.0 million), compared to RMB1,981.4 million in the fourth quarter of 2022. The increase was primarily due to increased revenue of BEST Freight and BEST Global.Gross Profit was RMB118.3 million (US$16.7 million), compared to gross loss of RMB58.5 million in

HANGZHOU, China, Nov. 23, 2023 /PRNewswire/ -- BEST Inc. (NYSE:BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced that the independent special committee (the "Special Committee") of the Company's board of directors (the "Board"), formed to evaluate and consider the previously announced preliminary non-binding proposal letter dated November 3, 2023 (the "Proposal"), has retained Kroll, LLC as its financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP as its U.S. legal counsel.

HANGZHOU, China, Nov. 22, 2023 /PRNewswire/ -- BEST Inc. (NYSE:BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia ("SEA"), today announced its unaudited financial results for the third quarter ended September 30, 2023. FINANCIAL HIGHLIGHTS[1] For the Third Quarter Ended September 30, 2023:[2] Revenue was RMB2,226.7 million (US$305.2 million), compared to RMB2,029.1 million in the third quarter of 2022. The increase was primarily due to increased revenue of BEST Freight and BEST Global.G

HANGZHOU, China, Nov. 14, 2023 /PRNewswire/ -- BEST Inc. (NYSE:BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia ("SEA"), today announced that it received a letter from the New York Stock Exchange (the "NYSE"), dated October 17, 2023, notifying the Company that it was not in compliance with applicable market capitalization and equity criteria (the "Market Cap and Equity Criteria") in the NYSE's continued listing standards because, as of October 16, 2023, the Company's (i) average total market capitalization was less than $50 million over a consecutive 30 trading-day period, and (ii) last reported sto

HANGZHOU, China, Aug. 25, 2023 /PRNewswire/ -- BEST Vietnam under BEST Inc., a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced a cooperation with Techcombank to enhance cashless payments through QR code scanning. Customers when receiving packages delivered by BEST Express, can now scan dynamic QR code to make cashless payments. This intelligent payment method is implemented through the Virtual Account solution developed by Techcombank. The solution was awarded as "Best Collection Management solution v

HANGZHOU, China, Aug. 23, 2023 /PRNewswire/ -- BEST Inc. (NYSE:BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia ("SEA"), today announced its unaudited financial results for the second quarter ended June 30, 2023. Johnny Chou, Founder, Chairman and CEO of BEST, commented, "We outperformed in the second quarter by achieving both top-line growth and bottom-line improvements. At the Group level, our gross margin turned positive to 4.2% for the quarter compared with negative 4.6% for the s

HANGZHOU, China, Aug. 9, 2023 /PRNewswire/ -- BEST Inc. (NYSE:BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced that it will release its unaudited financial results for the second quarter ended June 30, 2023, after the U.S. market closes on Wednesday, August 23, 2023. The Company will hold a conference call to discuss the financial results at 9:00pm U.S. Eastern Time on Wednesday, August 23, 2023, or 9:00am Beijing Time on Thursday, August 24, 2023. Participants may ac

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Gainers Nano Nuclear Energy (NASDAQ:NNE) stock rose 28.8% to $14.95 during Thursday's regular session. The company's market cap stands at $432.7 million. Surf Air Mobility (NYSE:SRFM) shares increased by 21.33% to $0.39. The company's market cap stands at $32.2 million. BEST (NYSE:BEST) shares increased by 15.65% to $2.66. The company's market cap stands at $53.4 million. Orion Energy Sys (NASDAQ:OESX) stock increased by 12.71% to $1.33. The market value of their outstanding shares is at $43.3 million. Smart Powerr (NASDAQ:CREG) stock moved upwards by 12.38% to $1.09. The company's market cap stands at $9.1 million. Sun Country Airlines (NASDAQ:SNCY) shares increased by 10.89% to $11.4

Gainers BEST (NYSE:BEST) stock increased by 15.2% to $2.65 during Thursday's pre-market session. The market value of their outstanding shares is at $53.2 million. Nano Nuclear Energy (NASDAQ:NNE) shares rose 13.87% to $13.21. The market value of their outstanding shares is at $382.4 million. JE Cleantech Hldgs (NASDAQ:JCSE) stock rose 13.23% to $0.98. The company's market cap stands at $4.9 million. Energous (NASDAQ:WATT) shares moved upwards by 7.76% to $1.11. The company's market cap stands at $7.2 million. Westwater Resources (AMEX:WWR) stock moved upwards by 7.34% to $0.5. The company's market cap stands at $28.8 million. Hyzon Motors (NASDAQ:HYZN) stock moved upwards by 6.29% to $

BEST Inc. (NYSE:BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced that it has entered into an Agreement and Plan of Merger (the "Merger Agreement") with BEST Global Partners, an exempted company with limited liability incorporated under the laws of the Cayman Islands ("Parent") and Phoenix Global Partners, an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly-owned subsidiary of Parent ("Merger Sub"). Pursuant to the Merger Agreement, Merger Sub will merge with and into the Company, with the Company continuing as the surviving compa

Key Takeaways: YTO International’s profit fell 29.2% to HK$96.8 million last year, as its revenue fell at a similar rate to HK$5.29 billion The international arm of one of China’s leading delivery companies replaced its CEO Sun Jian with newcomer Zhou Jian, former CEO of Shenzhen Fengwang Express By Li Shih Ta Despite the gradual restoration of global supply chains post-pandemic, demand for international freight delivery services to and from China stayed sluggish last year as a slowing economy dampened demand. That slowdown was apparent in the 2023 annual results from YTO International Express and Supply Chain Technology Ltd. (6123.HK), headlined by significant declines in the company

Gainers Freight Technologies (NASDAQ:FRGT) stock moved upwards by 23.6% to $2.57 during Monday's pre-market session. The market value of their outstanding shares is at $6.2 million. Recruiter.Com Group (NASDAQ:RCRT) shares rose 21.83% to $1.73. The market value of their outstanding shares is at $2.4 million. Advent Technologies Hldgs (NASDAQ:ADN) stock rose 9.32% to $0.18. The market value of their outstanding shares is at $12.8 million. BioNexus Gene Lab (NASDAQ:BGLC) stock rose 7.77% to $0.73. The market value of their outstanding shares is at $13.0 million. BEST (NYSE:BEST) stock rose 7.14% to $2.4. The market value of their outstanding shares is at $47.7 million. Knightscope (NASDA

BEST Inc. (NYSE:BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia ("SEA"), today announced that it received a letter from the New York Stock Exchange (the "NYSE"), dated October 17, 2023, notifying the Company that it was not in compliance with applicable market capitalization and equity criteria (the "Market Cap and Equity Criteria") in the NYSE's continued listing standards because, as of October 16, 2023, the Company's (i) average total market capitalization was less than $50 million over a consecutive 30 trading-day period, and (ii) last reported stockholders' equity as of June 30, 2023 was less