Polar Rabbit Express-W (01519) is now up more than 6%. As of press release, it has risen 6.42% to HK$8.12, with a turnover of HK$268.33,200.
The Zhitong Finance App learned that Jitu Express - W (01519) is now up more than 6%. As of press release, it has risen 6.42% to HK$8.12, with a turnover of HK$268.33,200.
According to the news, according to media reports, Yida Capital and the Middle East Foundation have successfully completed a capital increase of tens of millions of dollars. This round of funding will be used to further optimize and enhance the Middle East and North Africa market (MENA), including the UAE and Saudi Arabia, and continue to “load” Poletus's international footprint; on the other hand, it will continue to upgrade the Middle East localization strategy to help the development of the Middle East market. In addition to introducing the Middle East consortium, the next phase of GeRabbit's Middle East localization strategy upgrade focuses on listing on the Saudi Stock Exchange.
According to reports, in January 2022, Jitu launched express delivery network operations in the UAE and Saudi Arabia. In more than two years, Jitu terminal delivery has achieved 100% coverage within Saudi Arabia, setting a logistics peak of over 100,000 pieces in a single day. In terms of package volume, in the new market formed by Saudi Arabia, the United Arab Emirates, Egypt, Brazil, and Mexico, Polar Rabbit's market share increased from 1.6% in 2022 to 6% in 2023. The volume of parcels reached 230 million units in 2023, up 369% year on year. Annual revenue was US$327 million, up 299.7% year on year.