STO Express has officially completed the industrial and commercial change by acquiring Dan Niao Logistics.

Tianyancha's business information shows that recently, Zhejiang Danniao Logistics Technology Co., Ltd. has undergone a business change. The original shareholders Alibaba Network Technology Co., Ltd., Zhejiang Cainiao Supply Chain Management Co., Ltd., and Hangzhou Ali Venture Capital Co., Ltd. have exited, and Shentong Express Co., Ltd. has been added as a wholly-owned shareholder. Sun Jian has resigned as the legal representative and manager, and Zhou Shaohua has taken over as the legal representative, manager, and director. Several key personnel have also undergone changes. Zhejiang Danniao Logistics Technology Co., Ltd. was established in August 2009 with registered capital of approximately 498 million RMB. Its business scope includes express services, road freight transport, and food sales. According to media reports, on November 3rd, Shentong Express announced the progress of acquiring 100% equity of Zhejiang Danniao Logistics Technology Co., Ltd., stating that the transaction has been successfully completed and Danniao Logistics has officially become a core asset under Shentong Express's wholly-owned subsidiary.