STO Express responses after being suspended by JD.com

2020-08-19
|
Roy Li

STO Express responses after being suspended by JD.com

Recently, after the expiration of the contract between JD.com and STO Express, JD.com asked merchants to stop STO Express shipments.


In response, STO Express said that JD.com's business volume is not large, and the two parties are still communicating on this issue.


In addition to STO Express, JD.com also reminded that after August 31, 2020, logistics service carriers such as Jiaji Express, Guotong Express, KXTX.cn, Rufengda, Quanfeng Express may not be able to list in the shipping system .


Therefore, relevant logistics tracking information will not be displayed on the JD platform. It is recommended that merchants change the logistics service carrier.



In fact, the suspension of STO Express by JD.com may be related to the competition between the two major domestic e-commerce giants, JD.com and Alibaba. The two are in a state of fierce competition in the field of e-commerce.


In July 2019, Deyin Holdings, the major shareholder of STO Express, transferred its 49% stake in Shanghai Deyin Derun Industrial Development to Alibaba at a price of 4.67 billion yuan.


Deyin Derun is the largest shareholder of STO Express and directly holds 29.90% of STO Express. Alibaba acquired a 49% stake in Deyin Derun and holds a 14.65% stake in STO Express.


According to the operating statistics of STO Express in July 2020, its express revenue was 1.667 billion yuan, a year-on-year decrease of 6.31%.


Its completed business volume was 786 million orders, a year-on-year increase of 23.51%, and single order revenue was 2.12 yuan, a year-on-year decrease of 24.29%.


The above data shows that the business volume of STO Express has increased significantly, while the total revenue and the amount of single tickets are declining.


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