According to relevant media reports, on April 9, Yiwu postal administration revealed that the local outlets of Baishi express and Jitu express are being closed for rectification, and the distribution center of Yiwu has stopped operation.
The person said,It has a certain impact on the whole express market.
As the two companies failed to meet the rectification requirements on April 9, Yiwu post administration ordered some distribution centers of Baishi and Jitu to close down for rectification.
However, some capitals seem to be very optimistic about the future of Jitu express,According to the news, a new round of financing of US $1.8 billion has been completed recently, with us $580 million invested by Boyu capital and US $7.8 billion (about RMB 51 billion) invested by Sequoia Capital and hillhood at the same time.
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