SF Express goes public | Wang Wei started his business with 100,000 yuan and worked hard for 30 years to turn SF Express into a 200 billion express delivery kingdom

SF Express: A Journey from Startup to Industry Leader

Wang Wei founded SF Express in 1993 with 100,000 yuan. At that time, he ran a small express delivery business between Hong Kong and mainland China. He worked tirelessly, operating as a one-man team and handling deliveries himself. In three years, his efforts paid off. SF Express took control of nearly 70% of land freight between China and Hong Kong.

During the SARS outbreak in 2003, Wang recognized the need for air transport. He signed a five-year contract with Yangtze River Express, allowing SF Express to use cargo planes. This move made SF Express the first private company in China to implement all-cargo flights. By 2009, SF Express established SF Airlines Co., Ltd. and purchased two cargo aircraft. This expansion marked a significant milestone in its growth.

In 2002, Wang made a key decision to convert SF Express from a franchise model to a direct operation system. This decision addressed challenges posed by franchisees and strengthened the company’s structure. Wang Wei took the company public on the Shenzhen A-share market in 2017. By 2021, SF Express had also listed its real estate and urban express divisions in Hong Kong. It acquired a majority stake in Kerry Logistics, expanding its market presence.

Wang Wei is known for his hard work. He often worked 14-hour days and regularly engaged with front-line operations. His dedication significantly contributed to SF Express’s success. He is currently among China’s wealthiest individuals, with a net worth of $10.6 billion.

Today, SF Express operates in 202 countries, maintaining a fleet of 99 aircraft and over 186,000 vehicles. The company has solidified its position as a logistics leader in Asia.