FlashEX
FlashEx (operated by BingEx Limited; known as 闪送/Shansong in Chinese) is a leading on-demand dedicated courier services provider in China. Branded as FlashEx, the company assigns a single dedicated Flash-Rider to each order rather than batching multiple deliveries, resulting in lower average delivery times and a lower loss ratio. It serves individual and business customers, including local merchants, small and medium-sized enterprises, restaurants and logistics players, through its mobile platform and website. The company reports over 100 million users and approximately 1 million couriers, operating across more than 225 cities with around 800,000 deliveries on average per day.
Public Company
FlashEX is publicly traded
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Overview
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2014
Employees
501–1,000
Total Funding
$278.59M
7 rounds
Funding
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $278.59M across 7 rounds
Last updated 10-10-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Mar 30, 2021 | Series D2 | $114.75M | $0.81B *estimated | SIG China |
| Aug 28, 2018 | Series D1 | $50.5M | — | Oceanpine Capital, N5 Capital, V Star Capital (co-led) |
| Aug 1, 2017 | Series C-2 | $12M | — | Not disclosed |
Prominent Investors
Leadership
Peng Xue
Founder, Chief Executive Officer and Chairman of the Board
Hongjian Yu
Co-Founder, Executive President and Director
Le Tang
Financial Director and Chief Financial Officer
FlashEX Investment FAQ
FlashEX FAQ
BingEx Limited, the operator of FlashEx, completed its initial public offering in October 2024 and its American depositary shares trade on Nasdaq under the ticker FLX. The IPO was priced at US$16.50 per ADS for gross proceeds of about US$66 million. The company remains listed, filed its 2025 annual report on Form 20-F in April 2026 and has a share repurchase program in place.
FlashEX shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
FlashEX raised $278.59M across 7 disclosed funding rounds prior to its public listing.
FlashEX was co-founded by Peng Xue, and Hongjian Yu in 2014.
FlashEX is headquartered in Beijing, China.
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