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SF Express (Group) Co., Ltd. is a Chinese multinational delivery services and logistics company based in Shenzhen, Guangdong. It is the largest courier in China,[1] and provides domestic and international express delivery. SF Express operates a fleet of cargo aircraft, which are owned by its subsidiary SF Airlines. The parent company of SF Express, SF Holding trades on the Shenzhen Stock Exchange and the Hong Kong Stock Exchange. It is a constituent of SZSE 100 Index.

History

In the early 1990s, factories in Shunde needed to get samples to Hong Kong–based buyers, but frequently had issues with long shipping delays. To speed up this process, founder Wang Wei established ShunFeng Express as a small courier service with six employees, launching in 1993[2] providing service between Hong Kong and Guangdong province.[citation needed]

SF Express has opened at least 500 Heike[3] (Chinese: 嘿客)—an online shopping service community store—across all Chinese provinces, except for in Tibet and Qinghai. The company had plans to open 4,000 Heike stores nationwide in 2014.[4][5] Since 2016, SF Express has undertaken military-civil fusion agreements with the Logistic Support Department of the Central Military Commission and People’s Liberation Army (PLA).[6][7][8]

In July 2017, SF Express used backdoor listing to begin trading on the Shenzhen Stock Exchange, involving an asset swap with listed company Maanshan Dintai Rare Earth & New Materials Co.[9][10] SF Express was added as a constituent of SZSE 100 Index on June 12, 2017, effective on its first trading day.[11] In 2018, it started drone airdrop resupply operations for the PLA’s Southern Theater Command.[12] As of October 2020, SF Express operates one of the largest networks of self-service locker kiosks in Hong Kong with 939 kiosks.[13]

In 2021, SF Express made a significant investment in partnership with Hubei province to develop Ezhou Huahu cargo-focused Airport.[14] The Ezhou Huahu cargo hub is strategic for SF Express delivery operations for its central location to major cities such as Shanghai, Beijing and Guangzhou, while also being only an hour drive away from Wuhan. The Airport officially opened in 2022 and was renamed Ezhou Huahu International Airport in May 2025.[15]

In 2023, SF Express in partnership with China Railway Express launched a high-speed rail freight dedicated line, strengthening its ground transportation network.[16][17][18]

See also

References

  1. ^ Mao, Jill (March 1, 2017). “A delivery man just became one of the richest people in China”. The Independent. Retrieved April 7, 2026.
  2. ^ “关于我们” [About us]. SF Express. Retrieved April 7, 2026.
  3. ^ “www.d-long.cn – 信息中心 – “嘿客”模式陷困局，10亿代价买来的惨痛教训有多少”. www.d-long.com (in Chinese). Retrieved October 10, 2023.
  4. ^ “Business Markets SF Express expanding supply chain”. China Times. Retrieved July 24, 2014.
  5. ^ Yu, Cheryl (May 9, 2025). “PRC Logistics Firms in the United States and Mexico Support Military-Civil Fusion”. China Brief. Jamestown Foundation. Retrieved May 10, 2025.
  6. ^ Yu, Cheryl (May 9, 2025). “PRC Logistics Firms in the United States and Mexico Support Military-Civil Fusion”. China Brief. Jamestown Foundation. Archived from the original on May 9, 2025. Retrieved April 7, 2026.
  7. ^ “全军首条高原军民融合物流货运航线开通–军事–人民网” [The first high-altitude military-civilian integration logistics freight route of the whole army was opened] (in Chinese). People’s Liberation Army Daily. January 23, 2018. Retrieved December 10, 2025 – via People’s Daily Online.{{cite web}}: CS1 maint: deprecated archival service (link)
  8. ^ “顺丰集团王卫：积极响应国家军民融合发展战略” [Wang Wei, CEO of SF Express: Actively responding to the national strategy of military-civilian integration]. Sina Corporation (in Chinese). December 13, 2017. Retrieved December 11, 2025.{{cite web}}: CS1 maint: deprecated archival service (link)
  9. ^ “中国个股：顺丰作价433亿元借壳鼎泰新材上市，并配套融资80亿元” [Chinese stocks: SF Express listed on the stock exchange through a reverse merger with Dingtai New Materials, valued at 43.3 billion yuan, and raised 8 billion yuan in supporting financing.]. Reuters (in Chinese). May 23, 2016. Retrieved April 7, 2026.
  10. ^ “SF Express set to complete listing in Shenzhen”. China Daily. February 23, 2017. Retrieved April 7, 2026.
  11. ^ “关于调整深证成指、中小板指、创业板指、深证100等指数样本股的公告” [Announcement Regarding Adjustments to the Constituent Stocks of the Shenzhen Component Index, SME Board Index, ChiNext Index, and Shenzhen 100 Index] (PDF) (Press release) (in Chinese). Shenzhen Securities Information. June 12, 2017. Archived from the original (PDF) on November 7, 2017. Retrieved April 7, 2026.
  12. ^ “我军首次运用无人机实施联合补给演练” [Our military conducted its first joint resupply exercise using drones]. Xinhua News Agency (in Chinese). January 18, 2018. Retrieved April 7, 2026 – via Ministry of National Defense.{{cite web}}: CS1 maint: deprecated archival service (link)
  13. ^ “The state of e-commerce in Hong Kong, 2019-2020”. Starlity. Archived from the original on January 25, 2021. Retrieved October 2, 2020.
  14. ^ Hinata, Yusuke (March 16, 2021). “Courier SF Holding readies China’s first cargo airport”. Nikkei Asia. Retrieved April 7, 2026.
  15. ^ Sales, Michael; Scholte, Sebastiaan (April 13, 2023). Air Cargo Management: Air Freight and the Global Supply Chain. Taylor & Francis. ISBN 978-1-000-85241-7.
  16. ^ Yelin, Mo (August 29, 2018). “China Railway Corp., SF Express Team Up on Delivery Venture”. Caixin. Retrieved April 7, 2026.
  17. ^ “成都中欧班列”顺丰国际专列”顺利开行” [The Chengdu-Europe freight train “SF Express International Special Train” was successfully launched.]. Index1520. November 3, 2021. Retrieved August 20, 2025.
  18. ^ Zhijian, Xia (January 3, 2024). “Underground express: The quiet rise of subway couriers in China”. Eco-Business. Retrieved April 7, 2026.