Rider App "SoFast Rider"
Launched
Hourly Revenue Up to HKD $300
HONG
KONG, June 26, 2024 /PRNewswire/ -- Hangzhou
SF Intra-city Industrial Co., Ltd. ("SF Intra-city", Stock
Code: 9699.HK), China's largest
third-party on-demand delivery service provider, is pleased to
announce that it will develop and expand its intra-city on-demand
delivery services in Hong Kong,
China in July 2024. Leverage
its extensive industry experience and operational strengths of
on-demand delivery industry accumulated over the years, SF
Intra-city aims to provide better services to merchants and
consumers.
Together with recent recruitment postings on various platforms,
SF Intra-city is actively recruiting a large number of rider
partners, including walkers, bicycle riders, drivers of motorcycle,
passenger car, and van in Hong
Kong. The rider-specific mobile application (App), "SoFast
Rider", for the Hong Kong region
has been officially launched gradually and has been available
for public download on major mobile app stores. SF Intra-city will
launch its services in Hong Kong
under the "SoFast" brand.
The recruitment postings show that unlike food delivery
services, the platform's delivery tasks will primarily focus on
documents, small parcels rather than food delivery. The
per-kilometer income for deliveries is twice as high as other food
delivery platforms, and the hourly revenue can reach up to HKD
$300. Riders can choose delivery
tasks based on their own schedules without any fixed online time
limits, allowing them to freely decide how many tasks to accept.
Additionally, they can participate in lucrative incentive
programs.
It is reported that SF Intra-city has always regarded its riders
as primary partners, placing the utmost efforts to protect their
rights and interests, providing them income opportunities and
long-term development. This initiative aims to offer Hong Kong riders the opportunity to "earn
flexibly, accept orders freely, enjoy stable order volumes, and
receive generous rewards," fostering a mutual beneficial
ecosystem.
SF Intra-city has introduced a range of equipment for
Hong Kong riders featuring the
"SoFast" logo, including T-shirts, vests, hand carry cases,
backpacks, sun protection clothing, and rain gear. Currently, the
first batch of registered riders will receive "SoFast" basic gear
(T-shirt or vest) for free, and those who become pioneer riders
would have the chance of receiving the full "SoFast" gear set
for free.
In recent years, the on-demand delivery market in mainland
China has experienced rapid
development. According to data from iResearch, the market size of
on-demand delivery industry in mainland China is expected to maintain high growth from
2023 to 2028, and is projected to RMB 810
billion by 2028. Data from the Hong Kong Census and
Statistics Department shows that revenue from local courier
activities business in Hong Kong
recorded a rapid growth of 116% to HKD 2,253
million during 2012 to 2020. This indicates significant room
for penetration and commercial development in Hong Kong's on-demand delivery market in the
future.
The expansion of SF Intra-city's on-demand delivery business to
the Hong Kong market marks an
important milestone for the Group in its overseas expansion
development. Last year, the Group's business continued to grow
healthily, pioneering the industry in achieving profitability,
fully demonstrating the release of the Gorup's economies of scale
and network effects in the mainland business. Moreover, the Group's
differentiated services attracted high-value orders while
technology-driven comprehensive co-ordination and scheduling has
boosted the efficiency of the delivery network. The continuous
measures to refine management and improve operational quality have
enhanced the efficiency of resource input-output.
The Group's business integration in various markets in mainland
China, including food delivery,
instant retail, personal services and last-mile delivery have
unlocked more exciting business opportunities, which will lead to a
more even distribution of orders. This has driven improvements in
the operational efficiency of riders around-the-clock, allowing the
Group to increase business scale and rider order density.
SF Intra-city will strive to leverage its extensive and
successful experience in on-demand delivery from the mainland
China market, along with its
leading technology and solutions, to offer high-quality on-demand
delivery services to Hong Kong
users. The third-party multi-scenario business model, proven in the
mainland China market, is expected
to be effectively applied in Hong
Kong. By partnering with various e-commerce platforms and
new retail brands, SF Intra-city will bring more momentum and
growth opportunities to Hong
Kong's on-demand delivery market.
As the largest third-party on-demand delivery platform in
China, SF Intra-city is actively
exploring overseas expansion to find new growth opportunities.
Entering the Hong Kong market will
help SF Intra-city validate its business model in international
markets, aiding the Group in discovering more opportunities abroad
in the future. As SF Intra-city strives to fulfill its mission of
"letting more people enjoy a close and beautiful life," the Group
looks forward to steady progress, high-quality growth, and
delivering increased value to shareholders and investors.
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SOURCE SF Intra-city