BingEx Limited (FLX)

BingEx Limited operates an on-demand, intra-city courier service in China, best known under the FlashEx (Shansong) brand. The company dispatches riders to pick up an item and carry it directly to its destination, one order at a time, rather than consolidating parcels through sorting hubs. This point-to-point model is aimed at time-sensitive deliveries such as documents, food, flowers, electronics and other personal or business items within a city.

BingEx serves both individual consumers and merchants, including restaurants, retailers and other businesses that need fast local fulfillment. Orders are placed through mobile apps, mini-programs and partner platforms, and the company relies on a large network of independent riders coordinated by its dispatch and routing technology. BingEx is headquartered in Beijing and its American Depositary Shares trade on the Nasdaq under the ticker FLX following its 2024 U.S. listing.