Before the double 11 National Congress of the Communist Party of China in 2020, the express industry shows some unique phenomena. In October, Shunfeng’s newly established franchise express network, Fengwang, has been launched in some areas. This is the third express network newly established this year, and the other two are Jitu express and Zhongyou express, which were established in the first half of this year. < / P > < p > three express networks appeared in half a year, which exceeded the market expectation. In the previous few years, the second-line express brands were gradually squeezed out of the market, and the pattern gradually became stable. It is generally judged that the market concentration will be further improved. < / P > < p > to cope with sudden changes in the market competition situation. From August to September this year, Tongda has successively carried out capital market operation and obtained a large number of “ammunition” supplements. On September 1, Yuantong Express announced that the company intends to issue A-share shares in a private way, and the total amount of funds raised in this non-public offering is no more than 4.5 billion yuan (including 4.5 billion yuan); Zhongtong was listed on the Hong Kong stock exchange for the second time on September 29, raising more than HK $9 billion. < / P > < p > at the business level, new technologies and new distribution and warehousing models continue to emerge. For the first time this year, some pre-sale goods will be delivered to the community in advance during the period of double 11, so that consumers can receive the goods immediately after paying the balance. The open station of rookie post station can realize code scanning self-service collection and non-contact pickup. The widespread use of these IOT devices is expected to save 220000 hours for consumers to pick up double 11 packages. “This year’s tmall double 11 will be a full factor, full link digital double 11 of logistics,” introduced Sun Jian, Chief Logistics commander of rookie double 11. Zhao Xiaomin, an express expert and CEO of Guanhuo enterprise, predicts that if there is no new government consumption stimulus plan, the growth rate of express delivery business on double 11 this year will be lower than that in the past three years. Express prices will remain stable during the double 11, but will continue to decline after that. “The decline in express prices will accelerate until July and August next year,” predicts Zhao Xiaomin. According to the economic observer, Fengwang has been tested in Zhejiang, Guangzhou and other cities. At present, the license information inquiry system of the State Post Office has been approved in Wuhan, Hangzhou and Shenzhen. < / P > < p > since the promotion of e-commerce preferential items in the first half of 2019, SF’s share in the e-commerce express market has shown a rapid growth trend. Zhao Xiaomin told the economic observer that the e-commerce market is still sinking, and it is a good opportunity for SF to enter this market. Xinnet has completed the whole chain of its products from high-end to low-end. < p > < p > it’s not easy to set up express delivery network. In the current market competition situation, starting a new network means huge capital investment. However, in the short period of half a year, there are two franchise express networks in the market: Jitu and Zhongyou. Zhongyou is a franchise Express brand of Jingdong. According to its official website, Zhongyou “is a express company focusing on the sinking market and economic commercial development”, and is committed to becoming a “technology-oriented and cost-effective express company in China”. From April 18, 2020, it will be put into trial operation in some cities of Guangdong Province, mainly operating small express delivery in the province. By the end of July 2020, more than 430 outlets have been set up in Guangdong, Shanghai and other places. However, it has been launched in March this year. At present, it has 78 transit centers in China, covering 100% of provinces and cities, 98% of counties and 90% of villages and towns. It has more than 1000 long-distance transport vehicles and more than 1000 trunk lines in China. Taking long-distance transport vehicles as an example, a data obtained by the Economic Observer showed that as of June, the number of long-distance transport vehicles owned by the extremely rabbit was only 470, and there were more than 900 trunk lines. < p > < p > in Zhao Xiaomin’s view, in the current competitive situation, there is still a new national network. The core reason is that the industrial capital behind the network is boosting the flames. At present, several companies that have launched the network have relatively strong industrial capital. Under the background of new macro policies such as rural revitalization and express delivery into factories, industrial capital has found an opportunity to “copy the bottom”. < p > < p > the double 11 in 2020 is an opportunity for the new network to develop its strength, and it is also a big test of the stability of the new network. On October 1, Zhongyou launched a preferential policy of 1.5 yuan to distribute the whole country, and various provinces and regions of Jitu also held a pledge meeting on the double 11. The market forecast shows that the average single volume target of double 11 will exceed 15 million units. In Zhao Xiaomin’s opinion, the core of this competition lies in how long the industrial capital behind it can last and what extent the final user stickiness can reach. Otherwise, the fast-growing daily average unit volume will still face the problem of stability and sustainability. < / P > < p > from August to September, during the window period before the arrival of double 11, many express companies of Tongda system have successively carried out capital market operation. On September 1, Yuantong Express announced that the company plans to issue A-share shares in a private way. The total amount of funds raised in this non-public offering will not exceed 4.5 billion yuan (including 4.5 billion yuan). After deducting the issuance expenses, the net amount of raised funds will be used for multi-functional network hub center construction project, transportation capacity network improvement project, information system and data capacity improvement project and supplementary working capital. On the same day, Yuantong Express also announced that it plans to transfer 12% equity of Yuantong express to Alibaba network with 17.406 yuan / share, with a total transfer amount of about 6.6 billion yuan. < p > < p > China General rules landed on the Hong Kong Stock Exchange on September 29, raising more than HK $9 billion and completing the secondary listing. The reasons for the second listing in this period of time. China Telecom told the economic observer that, on the one hand, the listing in Hong Kong can promote shareholder diversification and disperse regional financial market risks. Provide opportunities for potential Asian investors who are interested in and favor the company, and facilitate the operation of trading hours between the two places. In the future, the Shanghai Hong Kong stock connect and Shenzhen Hong Kong stock connect are expected to continue to expand the base of high-quality investors in the local market and understand the business, so as to better reflect the company’s valuation. On the other hand, Alibaba, Netease, JD, yum China and other companies have successfully completed the return. Existing and potential shareholders are deeply concerned, saying that China Telecom Hong Kong will actively support the secondary listing. < / P > < p > for the possible competition, Zhongtong told the economic observer that express delivery is a marathon. If you want to win the market for a long time, you can’t do without investment in infrastructure and intelligent equipment, excellent management team, stable cash flow and healthy franchisees. However, Zhongtong’s advantages in these aspects are hard to surpass in the short term. < / P > < p > China Telecom told the economic observer that 50% of the raised funds will be used for infrastructure and capacity development, of which 30% will be used to obtain land use rights in China’s strategic locations and establish additional sorting centers; 10% will purchase more transport vehicles; and 10% will continue to increase and upgrade the installation foundation of machines and equipment in the sorting center. < / P > < p > “logistics infrastructure is still the focus of competition among express companies in the next stage. Without infrastructure, no amount of increment has nothing to do with you,” Gong Fuzhao, founder and chief consultant of double one consulting, told the economic observer. Not long ago, Gong Fuzhao conducted a survey in Yiwu, a wind vane of China’s express industry. He found that the fierce price war at the beginning of the year stopped for a short time, and all outlets formed a basic lowest price line. Everyone began to compete on this price line. “Yiwu is not the lowest price in China now. Shandong and Hebei have lower prices than Yiwu,” Gong told the economic observer. The express delivery industry has experienced a fierce price competition in the first half of 2020. The State Post Office issued the circular on the economic operation of the postal industry in the first half of 2020, which proposed that the scissors gap of the volume and revenue structure of the express industry should be expanded in the first half of 2020. The difference between the growth rate of express business volume and income was 9.5 percentage points, and the growth rate of volume was nearly twice that of income growth. Since March, the gap between volume and income growth has gradually widened, from 10.7 percentage points in March to 16.2 percentage points in May. < / P > < p > “the situation during this period is not the same as that of previous years. The explosion is caused by the number of express delivery exceeding the network carrying capacity, but the instability of the network is mainly a problem of profit distribution,” Zhao Xiaomin told the economic observer. < / P > < p > this benefit distribution refers to the interest coordination between the headquarters and outlets of express companies. In the long-term price war before, the profits of outlets have been gradually reduced, and some outlets have been unable to make up for the losses due to single volume growth. < / P > < p > “many companies’ networks and local industries have not been deeply integrated, but are completely built on a platform like headquarters. If the ability can not keep up, there will be a risk of being stripped off. In addition, the stability of employees caused by price war has brought about such an impact,” said Zhao Xiaomin. < / P > < p > China Telecom said to the economic observer that it intends to use 15% of the net amount of raised funds to stimulate network partners, so as to achieve better operational performance and further enhance the overall stability and competitiveness of the network. It will also use 10% of the net amount of raised funds to continue to provide financing support to network partners to make necessary investment so as to improve their performance Operate and ensure the last mile of business and get in touch with businesses and consumers. Apple extends AppleCare + purchase period: users can decide within 60 days