BingEx (ADR) (FLX)
Delivers time-sensitive orders through FlashEx's dedicated one-rider, one-order courier model.
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Individual and business customers book on-demand dedicated courier services through FlashEx. The platform assigns one rider to each order, while its operations and contractual VIE structure are concentrated in China.
Individual and business customers use FlashEx to arrange on-demand dedicated courier deliveries. Its one-rider, one-order model focuses on time-sensitive shipments, delivery safety, and service quality.
FlashEx is the operating brand for the courier platform. The dedicated-delivery model assigns a rider to each order rather than a shared batch, serving both individual and business customers.
Operations are concentrated in China. BingEx is a Cayman holding company whose business is conducted through subsidiaries and contractual control of a PRC VIE; it is also pursuing a Hangzhou drone-delivery initiative alongside the core courier model.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $127.6M · Total debt $2.9M · Total assets $168.8M · Shareholders' equity $109.8M
- Revenue
- $140.2M
- Operating income
- $1.1M
- Net income
- −$5.1M
Reported in CNY, converted at the latest exchange rate
No dividends on record.
| Institutions | 31.06% | 7.09M ADS | |
|---|---|---|---|
| 19 holders · as of Jun 30, 2026 | |||
| Other | 68.94% | 15.75M ADS | |
| remainder | |||
22.84M ADS as of Sep 1, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Susquehanna International Group, LLPInstitution | 28.44% | 6.50M ADS | as of Jun 30, 2026 |
Marshall Wace, LLPInstitution | 0.46% | 104,246 ADS | as of Jun 30, 2026 |
SG Americas Securities, LLCInstitution | 0.35% | 80,778 ADS | as of Jun 30, 2026 |
Millennium Management LLCInstitution | 0.31% | 71,206 ADS | as of Jun 30, 2026 |
Goldman Sachs Group IncInstitution | 0.29% | 65,298 ADS | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
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On-demand retail and delivery through JD NOW and Dada Now
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| BingEx (ADR) | $0.8269 | +3.91% | $18.2M | — | — | 0.0 | −3.2% |
| JD.com (ADR) | $27.32 | +0.15% | $38.30B | 18.0 | 8.5 | 0.2 | +2.5% |
| Median | 18.0 | 8.5 | 0.2 | +2.5% |