Latest News:  


Quanfeng Express eyes IPO

By He Wei  (

08:24, February 05, 2013

Quanfeng Express, a Chinese courier firm launched in July 2011, has attracted investment interest from three private equity firms, paving the way for an IPO in three to five years.

Leading Capital Fortune Ltd, Beijing Pengkang Investment Co Ltd and Phoenix Capital Asset Management said they will invest 200 million yuan ($32.1 million) in the company to boost its nationwide expansion, said the company's president Chen Jiahai.

"This collaboration shows that investors are optimistic about Quanfeng's business model and prospects. We are grateful for the confidence from investors and believe the cooperation will help enhance the service quality of the industry," Chen said.

Quanfeng's existing shareholders will maintain the controlling rights of the company and other investors will only be involved in financial issues other than daily operations, said company spokesman Dai Changzheng.

The company aims to turn itself into a mid-to-high-end express delivery firm, following the example of SF Express (Group) Co, which charges double for same-city deliveries compared with local rivals, Dai said.

He added the company plans to seek a listing in three to five years, but details have yet to be decided.

We recommend:

Wind power now No.3 energy resource

Blackberry maker changes name, unveils new phones

China caps first 3G nuclear plant

New Zealand moves to restore trust

Lenovo ready to challenge mobile industry leaders

Airbus has big hopes for big plane


Leave your comment0 comments

  1. Name


Selections for you

  1. Frigates conduct drill, patrol in S. China Sea

  2. Rare birds and wetlands protection

  3. Unforgettable moments you can’t miss in Feb.

  4. A long journey that will help all women

  5. Telecom ring scammers going to jail

  6. China's weekly story (2013.01.27-01.31)

  7. Funny animals! Adapt or die!

  8. Abu Dhabi's wedding show in full swing

  9. EU telecom demands raise tensions

  10. Ministry acts on dairy safety

Most Popular


  1. A long journey that will help all women
  2. An easier ride, but for some only
  3. U.S. further placates Europe while turning to Asia
  4. China's year of challenges
  5. Rice imports not a threat to food security
  6. Getting workers their wages on time
  7. Clean Your Plate Campaign
  8. On the Road to Recovery
  9. The Internet needs a safety net
  10. Pollution prompts concern

What’s happening in China

High-profile divorce saga ends

  1. Truck blast raises safety fears
  2. Ancient tradition, modern dilemma
  3. High-end outlet for wedding belles
  4. Railway tickets resellers busted
  5. Road traffic peaks ahead of Spring Festival