BEST Inc - ADR

BEST, Inc. is a holding company, which engages in the smart supply chain services. It operates through the following business segments: Freight, Supply Chain Management, Global, and Others. The company was founded by Shao Ning Chou in 2007 and is headquartered in Hangzhou, China.

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JAKARTA, Indonesia , Aug. 29, 2024 /PRNewswire/ -- On August 29, BEST Inc. held an opening ceremony in North Jakarta, Indonesia, announcing the official launch of cross-border supply chain services and full-scenario, full-link SaaS solution services in Indonesia. This is another heavyweight market of BEST following investments in Thailand, Vietnam, Malaysia, Singapore, and the Philippines, marking another important step in BEST's strategic layout in Southeast Asia.

BEST Inc. Expands into Indonesia with Cross-Border and SaaS Services to Strengthen Global Strategy

MILWAUKEE , June 21, 2024 /PRNewswire/ -- Ademi LLP is investigating BEST (NYSE: BEST) for possible violations of law in its transaction with its majority control shareholder Shao-Ning Johnny Chou, the chief executive officer and chairman of the board of directors of BEST. Click here to learn how to join the https://www.ademilaw.com/case/best-inc or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether BEST Inc. has obtained a Fair Price for its Public Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of BEST Inc. (NYSE: BEST) to BEST Global Partners and Phoenix Global Partners for $2.88 in cash per American Depository Share is fair to BEST shareholders. Halper Sadeh encourages BEST shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigati.

BEST Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of BEST Inc. Is Fair to Shareholders

HANGZHOU, China , June 20, 2024 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced that it has entered into an Agreement and Plan of Merger (the "Merger Agreement") with BEST Global Partners, an exempted company with limited liability incorporated under the laws of the Cayman Islands ("Parent") and Phoenix Global Partners, an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly-owned subsidiary of Parent ("Merger Sub"). Pursuant to the Merger Agreement, Merger Sub will merge with and into the Company, with the Company continuing as the surviving company and becoming a wholly owned subsidiary of Parent (the "Merger"), in a transaction implying an equity value of the Company of approximately US$54.2 million.

BEST Inc. Enters into Definitive Agreement for "Going Private" Transaction

HANGZHOU, China , June 6, 2024 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia ("SEA"), today announced its unaudited financial results for the first quarter ended March 31, 2024. FINANCIAL HIGHLIGHTS (1) For the First Quarter Ended March 31, 2024: (2 ) Revenue was RMB1,942.0 million (US$269.0 million), compared to RMB1,715.3 million in the first quarter of 2023.

BEST Inc. Announces Unaudited First Quarter 2024 Financial Results

HANGZHOU, China , March 27, 2024 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia ("SEA"), today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023. FINANCIAL HIGHLIGHTS (1 )  For the Fourth Quarter Ended December 31, 2023: (2 ) Revenue was RMB2,236.3 million (US$315.0 million), compared to RMB1,981.4 million in the fourth quarter of 2022.

BEST Inc. Announces Unaudited Fourth Quarter and Fiscal Year 2023 Financial Results

HANGZHOU, China , Nov. 23, 2023 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced that the independent special committee (the "Special Committee") of the Company's board of directors (the "Board"), formed to evaluate and consider the previously announced preliminary non-binding proposal letter dated November 3, 2023 (the "Proposal"), has retained Kroll, LLC as its financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP as its U.S. legal counsel. The Special Committee is continuing its review and evaluation of the Proposal.

BEST Inc. Announces Appointment of Financial Advisor and Legal Counsel to the Special Committee

HANGZHOU, China , Nov. 22, 2023 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia ("SEA"), today announced its unaudited financial results for the third quarter ended September 30, 2023. FINANCIAL HIGHLIGHTS [1] For the Third Quarter Ended September 30, 2023: [2] Revenue was RMB2,226.7 million (US$305.2 million), compared to RMB2,029.1 million in the third quarter of 2022.

BEST Inc. Announces Unaudited Third Quarter 2023 Financial Results

HANGZHOU, China , Nov. 14, 2023 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia ("SEA"), today announced that it received a letter from the New York Stock Exchange (the "NYSE"), dated October 17, 2023, notifying the Company that it was not in compliance with applicable market capitalization and equity criteria (the "Market Cap and Equity Criteria") in the NYSE's continued listing standards because, as of October 16, 2023, the Company's (i) average total market capitalization was less than $50 million over a consecutive 30 trading-day period, and (ii) last reported stockholders' equity as of June 30, 2023 was less than $50 million. The Company is currently in compliance with all other NYSE continued listing standards, and the Company's American Depositary Shares will continue to be listed and traded on the NYSE.

BEST Inc. Receives Notice Regarding NYSE Continued Listing Standards

HANGZHOU, China , Nov. 6, 2023 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia ("SEA"), today announced that its board of directors (the "Board") has received a preliminary non-binding proposal letter (the "Proposal Letter"), dated November 3, 2023, from Mr. Shao-Ning Johnny Chou, founder, chairman of the Board and chief executive officer of the Company, on behalf of Mr.

BEST Inc. Announces Receipt of a Preliminary Non-Binding Proposal to Acquire the Company and Formation of Special Committee

BEST Inc. (NYSE:BEST ) Q2 2023 Results Conference Call August 23, 2023 9:00 PM ET Company Participants Johnny Chou - Chairman and CEO Gloria Fan - CFO Operator Good day, and welcome to the BEST Inc. Second Quarter 2023 Results Conference Call. All participants will be in listen only mode [Operator Instructions].

BEST Inc. (BEST) Q2 2023 Earnings Call Transcript

HANGZHOU, China , Aug. 23, 2023 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia ("SEA"), today announced its unaudited financial results for the second quarter ended June 30, 2023. Johnny Chou, Founder, Chairman and CEO of BEST, commented, "We outperformed in the second quarter by achieving both top-line growth and bottom-line improvements.

BEST Inc. Announces Unaudited Second Quarter 2023 Financial Results

HANGZHOU, China , Aug. 9, 2023 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced that it will release its unaudited financial results for the second quarter ended June 30, 2023, after the U.S. market closes on Wednesday, August 23, 2023. The Company will hold a conference call to discuss the financial results at 9:00pm U.S. Eastern Time on Wednesday, August 23, 2023, or 9:00am Beijing Time on Thursday, August 24, 2023.

BEST Inc. to Announce Second Quarter 2023 Financial Results on August 23, 2023

HANGZHOU, China , June 28, 2023 /PRNewswire/ -- BEST Inc. announced today that it has integrated the natural language processing tool ChatGPT into its Qianyi ERP software, allowing cross-border sellers to generate multi-language product titles and descriptions using AI. The integration is part of the Company's efforts to enhance AI capabilities and pilot in the logistics industry.

BEST Inc. enhances AI capabilities by integrating ChatGPT into Qianyi ERP software

BEST Inc. (NYSE:BEST ) Q1 2023 Earnings Conference Call May 30, 2023 9:00 PM ET Company Participants Johnny Chou - Chairman and Chief Executive Officer Gloria Fan - Chief Financial Officer Operator Good morning, good afternoon, good evening. Welcome to the BEST Inc. First Quarter 2023 Results Conference Call.

BEST Inc. (BEST) Q1 2023 Earnings Call Transcript

The Company Plans to Reach Group Profitability by the End of 2023 HANGZHOU, China , May 30, 2023 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced its unaudited financial results for the first quarter ended March 31, 2023. Johnny Chou, Founder, Chairman and CEO of BEST, commented, "We delivered exceptionally strong financial improvements in the first quarter of 2023 despite the traditionally slow first quarter and lingering impact from COVID.

BEST Inc. Announces Unaudited First Quarter 2023 Financial Results

HANGZHOU, China , May 29, 2023 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today released its "2022 ESG Report," highlighting the company's fulfillment of social responsibilities, global participation in social welfare initiatives, and promotion of green logistics through digitalization. The report is divided into seven sections, showcasing BEST's contributions to social welfare and green logistics.

BEST Inc. Publishes 2022 ESG Report, Driving Green Logistics through Digitalization

HANGZHOU, China , May 24, 2023 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced that Mr. Lin Wan has resigned from his position as a director of the Company due to personal reasons, effective May 23, 2023.

BEST Inc. Announces Changes to its Board of Directors

HANGZHOU, China , May 17, 2023 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced that it will release its unaudited financial results for the first quarter ended March 31, 2023, after the U.S. market closes on Tuesday, May 30, 2023. The Company will hold a conference call to discuss the financial results at 9:00pm U.S. Eastern Time on Tuesday, May 30, 2023, or 9:00am Beijing Time on Wednesday, May 31, 2023.

BEST Inc. to Announce First Quarter 2023 Financial Results on May 30, 2023

HANGZHOU, China , April 24, 2023 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the Securities and Exchange Commission ("SEC") on April 21, 2023. The annual report can be accessed on the SEC's website at http://www.sec.gov as well as on the Company's investor relations website at http://ir.best-inc.com.

BEST Inc. Files Annual Report on Form 20-F for Fiscal Year 2022

No fees will be charged to ADS holders in connection with the ADS Ratio Change HANGZHOU, China , March 23, 2023 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced that it plans to change the ratio of its American Depositary Shares ("ADSs") to its Class A ordinary shares (the "ADS Ratio"), par value US$0.01 per share, from the current ADS Ratio of one (1) ADS to five (5) Class A ordinary shares, to a new ADS Ratio of one (1) ADS to twenty (20) Class A ordinary shares (the "ADS Ratio Change"). The Company anticipates that the ADS Ratio Change will be effective on or about April 4, 2023 (the "Effective Date").

BEST Inc. Announces Plan to Implement ADS Ratio Change

BEST Inc. (NYSE:BEST ) Q4 2022 Earnings Conference Call March 7, 2023 8:00 PM ET Company Participants Johnny Chou - Chairman and Chief Executive Officer Gloria Fan - Chief Financial Officer Conference Call Participants Thomas Chong - Jefferies Operator Good day and welcome to the BEST Inc. Fourth Quarter 2022 Results Conference Call. [Operator Instructions] Please note this event is being recorded.

BEST Inc. (BEST) Q4 2022 Earnings Call Transcript

The Board Has Authorized a Share Repurchase Program HANGZHOU, China , March 8, 2023 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022. The Company also announced that its board of directors has authorized a share repurchase program, under which the Company may repurchase up to US$20 million worth of its outstanding American Depositary Shares over the next 12 months.

BEST Inc. Announces Unaudited Fourth Quarter and Fiscal Year 2022 Financial Results

HANGZHOU, China , March 8, 2023 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced that its board of directors has authorized a share repurchase program, under which BEST may repurchase up to US$20 million worth of its outstanding American Depositary Shares ("ADSs") over the next 12 months. The Company's proposed repurchases may be made from time to time through open market transactions at prevailing market prices, privately negotiated transactions, block trades or any combination thereof, depending on market conditions and the trading price of the Company's ADSs, among other factors, and in accordance with applicable rules and regulations.

BEST Inc. Announces Share Repurchase Program

HANGZHOU, China , Feb. 28, 2023 /PRNewswire/ -- BEST Inc. (NYSE: BEST) ("BEST" or the "Company"), a leading integrated smart supply chain solutions and logistics services provider in China and Southeast Asia, today announced that it will release its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2022, after the U.S. market closes on Wednesday, March 8, 2023. The Company will hold a conference call to discuss the financial results at 8:00pm U.S. Eastern Time on Wednesday, March 8, 2023, or 9:00am Beijing Time on Thursday, March 9, 2023.

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