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Yunda Holding Group Co., Ltd.

China · SZSE: 002120.SZ · Market cap: · P/E: · P/S:

Yunda is a Chinese express delivery company that picks up, ships, and delivers parcels across China and internationally.

Yunda is one of China's big express delivery companies. If you buy something online from a seller in another city, there is a good chance a Yunda courier picks it up, moves it through sorting centers, and hands it to a local delivery person who brings it to your door. The company also runs supply chain services and international logistics, but the parcel business is the heart of what it does.

The way the business works is a bit unusual. Yunda does not own and operate every step itself. Its main network runs on a franchise-like model: local partners run the pickup and delivery stations in their own areas, while Yunda operates the long-haul trunk lines and sorting hubs that connect the country. That lets it grow fast without paying for every van and every storefront. Customers — mostly online sellers and e-commerce platforms — pay per parcel, and they choose Yunda because it is cheap, covers a huge amount of territory, and moves packages quickly. This is a brutal industry. China's parcel wars are famous for price cuts, and the big players — including SF Holding, ZTO Express, YTO Express, and STO Express — constantly undercut each other to win volume. Yunda was long one of the largest by parcel count, but it has lost ground in recent years as rivals cut prices and fought for market share. The company has been working to improve its network, cut costs with more automation, and steady its profits rather than chase volume at any price.


Yunda is based in Shanghai and listed on the Shenzhen Stock Exchange. Its fortunes rise and fall with Chinese e-commerce, so when shopping slows or the price war heats up, the whole business feels it. It is a high-volume, thin-margin machine: the kind of company that makes a little money on an enormous number of small packages.

Saved answer · last researched 15 Nov 2026