BEST Inc.
best-inc.comNo Longer Reporting
The company has not filed an annual or quarterly report since its FY2023 20-F, filed Apr 30, 2024. Its latest SEC filing is a 15-12G from Mar 20, 2025.
20-F for FY2023, filed Apr 30, 2024
The sections below describe the company as of the FY2023 annual report.
What Did They Do?
Provides freight delivery, supply chain management, and international logistics services to franchisees and enterprise customers.
20-F for FY2023, filed Apr 30, 2024The Company provides freight services that comprise of sorting, line-haul and feeder transportation services mainly to its franchisees…View ↗
Supply chain management servicesView ↗
The Company primarily provides international logistic services in multiple countries and regions across North America, Europe and Asia…View ↗
How Did They Make Money?
Franchisees prepay for freight shipments, with charges based on weight and route; the company earns the fee as shipments move. Enterprise customers pay monthly for warehouse and order-fulfillment services and under credit terms, while international shipments generate fees as they move from origin to destination.
20-F for FY2023, filed Apr 30, 2024The Company provides freight services that comprise of sorting, line-haul and feeder transportation services mainly to its franchisees…View ↗
Customers are required to prepay for freight delivery services and the Company records such amounts as “Customer advances and deposits and…View ↗
The Company’s freight delivery services contracts with customers include only one performance obligation. Performance obligations are…View ↗
Supply chain management servicesView ↗
The Company provide warehouse management, order fulfillment services and transportation services to its offline and online enterprise…View ↗
The Company primarily provides international logistic services in multiple countries and regions across North America, Europe and Asia…View ↗
$1.2B
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20-F for FY2023, filed Apr 29, 2024
$1.2B ↗
Who Were Their Customers?
Franchisees buy freight delivery services, while offline and online businesses buy warehouse management, order fulfillment, and transportation services. The company also provides international logistics services across multiple countries and regions.
20-F for FY2023, filed Apr 30, 2024The Company provides freight services that comprise of sorting, line-haul and feeder transportation services mainly to its franchisees…View ↗
Supply chain management servicesView ↗
The Company primarily provides international logistic services in multiple countries and regions across North America, Europe and Asia…View ↗
Did Revenues Turn Into Profits?
No. It lost $114.7M in FY2023.
Who Did They Compete With?
Competes with JD Logistics, SF Holdings, P.G. Logistics, Annto Logistics, DEPPON Logistics, ANE Logistics, Kerry Express, and J&T Express
20-F for FY2023, filed Apr 30, 2024We compete with total supply chain solution providers, such as JD Logistics and SF Holdings. Certain service lines may also face…View ↗
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