Understanding the Market | Flash Rabbit Express-W rose more than 13% intraday, up over 45% this month, Flash Rabbit received tens of millions of dollars in additional capital from a Middle Eastern consortium

ZTO Express-W rose more than 13% intraday, with a cumulative increase of over 45% this month. As of the time of publication, it rose by 6.99% to HKD 8.57, with a turnover of HKD 191 million. On May 8th, ZTO Express announced a significant milestone as Easy Capital and a Middle Eastern consortium jointly injected tens of millions of US dollars into the company. In addition to the introduction of the Middle Eastern consortium, ZTO's Middle East localization strategy upgrade will focus on listing on the Saudi Stock Exchange in the next phase. CICC stated in a research report that the cost and experience barriers for express logistics in Saudi Arabia are high, and ZTO's localization strategy is in line with the Middle East market. By February 2024, ZTO Express's order volume surged to second in the industry, with over 30% of local customers, demonstrating strong growth momentum and market acceptance, laying a solid business foundation for its listing in Saudi Arabia. The bank pointed out that this capital injection will help ZTO deepen its international layout and accelerate its penetration into the Middle East market