FlashEx
Shansong provides short-distance and same-city logistics services.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor investor | €0.0 | round | |
| investor investor | €0.0 Valuation: €0.0 | round | |
$125m Valuation: $1.2b | Series D | ||
| Total Funding | 000k | ||
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FlashEx, also known as Shansong Express, was founded in 2014 by Xue Peng in Beijing, China. The company emerged with a mission to revolutionize intra-city logistics by offering rapid, on-demand delivery services. FlashEx quickly gained traction by promising a one-minute response time, ten-minute pick-up, and delivery within an hour, setting a new standard in the courier industry.
Under Xue Peng's leadership, FlashEx expanded its operations to cover 225 cities, serving over 100 million users with a fleet of 1 million couriers. The company's innovative approach and commitment to speed and reliability attracted significant attention from investors.
In a major milestone, FlashEx went public on the NASDAQ under the ticker symbol FLX. This IPO marked a significant achievement for the company, highlighting its growth and potential in the competitive logistics market. The public offering provided FlashEx with the capital needed to further enhance its technology and expand its services.
FlashEx's journey is a testament to the power of innovation and strategic execution in the logistics industry. By focusing on customer needs and leveraging technology, FlashEx has positioned itself as a leader in the on-demand delivery space, continuing to redefine how goods are transported within cities.