New Oriental Education’s Live-Streaming Platform Introduces Two Major Logistics Partners

$New Oriental(EDU.US)$ $EAST BUY(01797.HK)$ $JD.com(JD.US)$ $S.F. Holding(002352.SZ)$
Oriental Selection, a live-streaming e-commerce platform owned by New Oriental Education, announced that it had reached a close partnership with SF Express and JD Logistics, and planned to establish 20 self-operated product warehouses in Beijing, Guangzhou, Hangzhou, Zhengzhou and Chengdu to provide nationwide logistics service guarantees for self-operated products.

In terms of $SF INTRA-CITY(09699.HK)$ , Oriental Selection’s self-owned products are delivered from normal temperature warehouses, which are now dotted throughout the country.

In terms of $JD LOGISTICS(02618.HK)$ Logistics, its self-operated products can be delivered on the same day or the next day, and the cross-province orders are promised to be delivered within 72 hours.

Michael Yu, founder of New Oriental Education, once said: “To establish high-quality supply chain resources, more professionals are needed.”

In an interview with Yicai, Sun Dongxu, CEO of Oriental Selection, said that in the future, Oriental Selection will focus on investing in supply chain construction and the company’s in-house product cultivation.