BEIJING, Oct. 9, 2025 -- BingEx Limited (Nasdaq: FLX), a Nasdaq-listed company best known through its business brand FlashEx, the leading on-demand dedicated courier service provider in China, has partnered with Hangzhou city and local businesses to launch a city-wide low-altitude logistics network, now in commercial pilot. The project combines low-altitude infrastructure, last-mile delivery demand, and intelligent drone capacity to create an efficient, safe, and sustainable urban air-logistics system.
Drawing on over 11 years of operational expertise, a nationwide network covering 297 cities, and a user base of hundreds of millions, FlashEx delivers precise order forecasting, site recommendations for takeoff and landing, route planning, and intelligent scheduling to drive low-altitude logistics and maximize efficiency. The city-level solution spans four key modules: infrastructure, demand integration, capacity supply, and operations management. Its first routes are already live, with a flawless "zero-incident, zero-accident" record.
Low-altitude logistics, a key driver of next-generation productivity, goes beyond on-demand delivery to provide efficient solutions for long-distance, time-sensitive, and specialized orders. By integrating drones with on-site teams, it lightens riders' workloads, minimizes risks, and elevates both service quality and the end-user experience.
By the end of 2025, FlashEx aims to establish an initial city-wide low-altitude logistics network in Hangzhou, creating a scalable and replicable model to drive China's low-altitude economy. The company will continue investing in technology, expanding its footprint in this emerging logistics segment, and supporting the development of modern industrial systems and consumer services.
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