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HomeMarketSF Intra-city(09699.HK) Increase Its on-demand Supply Enterprise in Hong Kong in July...

SF Intra-city(09699.HK) Increase Its on-demand Supply Enterprise in Hong Kong in July By Investing.com

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Rider App “SoFast Rider” Launched
Hourly Income As much as HKD $300

HONG KONG, June 26, 2024 /PRNewswire/ — Hangzhou SF Intra-city Industrial Co., Ltd. (“SF Intra-city”, Inventory Code: 9699.HK), China’s largest third-party on-demand supply service supplier, is happy to announce that it’ll develop and develop its intra-city on-demand supply providers  in Hong Kong, China in July 2024. Leverage its in depth trade expertise and operational strengths of on-demand supply trade collected through the years, SF Intra-city goals to offer higher providers to retailers and customers.

Along with current recruitment postings on varied platforms, SF Intra-city is actively recruiting a lot of rider companions, together with walkers, bicycle riders, drivers of bike, passenger automotive, and van in Hong Kong. The rider-specific cellular software (App), “SoFast Rider”, for the Hong Kong area has been formally launched step by step and has been   out there for public obtain on main cellular app shops. SF Intra-city will launch its providers in Hong Kong beneath the “SoFast” model.

The recruitment postings present that in contrast to meals supply providers, the platform’s supply duties will primarily concentrate on paperwork, small parcels reasonably than meals supply. The per-kilometer earnings for deliveries is twice as excessive as different meals supply platforms, and the hourly income can attain as much as HKD $300. Riders can select supply duties based mostly on their very own schedules with none fastened on-line deadlines, permitting them to freely resolve what number of duties to simply accept. Moreover, they will take part in profitable incentive applications.

It’s reported that SF Intra-city has all the time regarded its riders as major companions, inserting the utmost efforts to guard their rights and pursuits, offering them earnings alternatives and long-term growth. This initiative goals to supply Hong Kong riders the chance to “earn flexibly, accept orders freely, enjoy stable order volumes, and receive generous rewards,” fostering a mutual useful ecosystem.

SF Intra-city has launched a spread of apparatus for Hong Kong riders that includes the “SoFast” brand, together with T-shirts, vests, hand carry instances, backpacks, solar safety clothes, and rain gear. At the moment, the primary batch of registered riders will obtain “SoFast” fundamental gear (T-shirt or vest) totally free, and people who change into pioneer riders would have the possibility of receiving the   full “SoFast” gear set totally free.

Lately, the on-demand supply market in mainland China has skilled fast growth. In response to knowledge from iResearch, the market measurement of on-demand supply trade in mainland China is predicted to take care of excessive development from 2023 to 2028, and is projected to RMB 810 billion by 2028. Knowledge from the Hong Kong Census and Statistics Division reveals that income from native courier actions enterprise in Hong Kong recorded a fast development of 116% to HKD 2,253 million throughout 2012 to 2020. This means vital room for penetration and industrial growth in Hong Kong’s on-demand supply market sooner or later.

The enlargement of SF Intra-city’s on-demand supply enterprise to the Hong Kong market marks an necessary milestone for the Group in its abroad enlargement growth. Final 12 months, the Group’s enterprise continued to develop healthily, pioneering the trade in attaining profitability, absolutely demonstrating the discharge of the Gorup’s economies of scale and community results within the mainland enterprise. Furthermore, the Group’s differentiated providers attracted high-value orders whereas technology-driven complete co-ordination and scheduling has boosted the effectivity of the supply community. The continual measures to refine administration and enhance operational high quality have enhanced the effectivity of useful resource input-output.

The Group’s enterprise integration in varied markets in mainland China, together with meals supply, immediate retail, private providers and last-mile supply have unlocked extra thrilling enterprise alternatives, which can result in a extra even distribution of orders. This has pushed enhancements within the operational effectivity of riders around-the-clock, permitting the Group to extend enterprise scale and rider order density.

SF Intra-city will try to leverage its in depth and profitable expertise in on-demand supply from the mainland China market, together with its main know-how and options, to supply high-quality on-demand supply providers to Hong Kong customers. The third-party multi-scenario enterprise mannequin, confirmed within the mainland China market, is predicted to be successfully utilized in Hong Kong. By partnering with varied e-commerce platforms and new retail manufacturers, SF Intra-city will convey extra momentum and development alternatives to Hong Kong’s on-demand supply market.

As the most important third-party on-demand supply platform in China, SF Intra-city is actively exploring abroad enlargement to seek out new development alternatives. Coming into the Hong Kong market will assist SF Intra-city validate its enterprise mannequin in worldwide markets, aiding the Group in discovering extra alternatives overseas sooner or later. As SF Intra-city strives to satisfy its mission of “letting more people enjoy a close and beautiful life,” the Group seems to be ahead to regular progress, high-quality development, and delivering elevated worth to shareholders and buyers.

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