FAR International Holdings Group Company Limited
2516.HK
Hong Kong Stock Exchange0.97
HKD
-0.03
- -
FAR International Holdings Group Company Limited
2516.HK
(Hong Kong Stock Exchange)
Recent
price
0.97
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- FAR International Holdings Group Company Limited (2516:HK) operates as an investment holding company that provides cross-border e-commerce logistics services in Mainland China, Hong Kong, the United States, Singapore, the United Kingdom and internationally; its core offerings encompass end-to-end cross-border delivery services including parcel reception, warehousing, security clearance, packaging, labeling and sorting; freight forwarding and other logistics services such as customs clearance, parcel pick-up from air and seaports, warehouse operations, transportation and last-mile delivery; freight forwarding via air, sea and ground transportation methods; and value-added supply chain solutions comprising customs clearance, collection, distribution, industry-specific solutions and OGP/OSP services. The company serves e-commerce platforms, e-commerce sellers, other logistics service providers and traditional traders, with operations centered in the integrated freight and logistics industry. Founded in 2004 and headquartered at Room 201, Hangzhou Cross-border E-commerce Industrial Park, Gongshu District, Hangzhou, Zhejiang Province, China, it maintains its registered office in the Cayman Islands. In recent developments, Ingrun Holdings Limited, an indirect wholly-owned subsidiary, acquired a 30% stake in Advanced Logistics Solutions LLC, a U.S. logistics company, to bolster the group's competitiveness in the U.S. and overseas logistics networks and support global market expansion. The group deepened strategic cooperation with Alibaba.com to consolidate service capabilities on leading platforms and advanced digital and intelligent transformation initiatives amid innovation-driven development. It allocated proceeds including RMB19.81 million to enhance overseas logistics capabilities, RMB16.00 million for a global intelligent operations command base construction and RMB4.00 million for working capital, while planning expansions and upgrades to service outlets.