Premium last-mile and reverse logistics unit under Alibaba's Cainiao, with 59 sorting centers across China.
| Date | Round | Amount |
|---|---|---|
| Jul 2025 | Acquired by STO Express STO Express announced the acquisition of 100% of DanNiao Logistics, the logistics unit of Cainiao (Alibaba), for RMB 362 million (~$50M) in cash. | $50M |