The "Thumbs Up for China's Economy - Entrepreneurs' Night 2025" special event officially launched on December 17th, and the voting activity is currently in full swing. As a vital component of the economic circulatory system, the development of the logistics industry not only impacts corporate operational efficiency but also directly relates to consumer experience and overall economic vitality. With technological advancement and the diversification of consumer demands, the logistics sector is undergoing profound transformation. Supply chain optimization, network layout refinement, service quality enhancement, and the application of data technology have all become critical elements of corporate competition. Yunda Chairman Nie Tengyun, ZTO Express Chairman Lai Meisong, JD.com Board Chairman Liu Qiangdong, S.F. Holding Chairman Wang Wei, and Cainiao Group CEO Wan Lin are all industry leaders. The companies they helm have achieved remarkable success and shone brightly within the logistics field. So, who will ultimately prevail in the logistics arena?

Under the leadership of Nie Tengyun, Yunda Holdings consistently adheres to the philosophy of empowering logistics through technology. In 2025, Yunda vigorously advanced the construction of a digital supply chain. By integrating advanced big data analytics and artificial intelligence algorithms, the company achieved precise forecasting and intelligent scheduling across the entire logistics process. Regarding its outlet network, Yunda further optimized its structure by adding numerous sorting centers and last-mile delivery points, significantly boosting parcel sorting efficiency and delivery speed. Concurrently, Yunda actively expanded its cross-border logistics operations, forming strategic partnerships with several international logistics giants to provide more convenient and efficient cross-border logistics services for merchants and consumers both domestically and internationally. Led by Lai Meisong, ZTO Express maintained a trajectory of steady growth throughout 2025. In the third quarter of 2025, ZTO's parcel volume reached 9.57 billion, representing a 9.8% year-on-year increase, while the company also sustained high-quality service and customer satisfaction. Its adjusted net profit grew by 5.0% to 2.51 billion yuan, with revenue reaching 11.86 billion yuan, an 11.1% increase year-on-year. Cash flow from operating activities was 3.21 billion yuan. Guided by Liu Qiangdong, JD Group, leveraging its powerful e-commerce ecosystem, continued to achieve breakthroughs and innovations in the logistics sector. In 2025, JD Logistics further deepened its integrated supply chain services. By establishing close cooperative relationships with suppliers, it realized precise inventory management and rapid replenishment. In Q3 2025, JD Logistics' total revenue reached 55.1 billion yuan, a 24.1% year-on-year increase, with an adjusted net profit of 2.02 billion yuan. Overseas business emerged as a new growth engine, as JD Logistics replicated its integrated supply chain capabilities abroad. Currently, JD Logistics has established multiple overseas warehouses in the Middle East and continues to upgrade its automation capabilities to serve several automotive companies. S.F. Holding, steered by Wang Wei, has long been renowned for its efficient and secure services. In 2025, the company continued to strengthen its leading position in the high-end logistics market. In the air logistics sector, S.F. further expanded its fleet, added numerous domestic and international routes, and enhanced its air transport capacity. Simultaneously, it increased investment in the research, development, and application of data technology, utilizing big data analytics to optimize transport route planning, improve vehicle loading rates, and reduce transportation costs. For the first three quarters of 2025, S.F. Holding achieved revenue of 225.261 billion yuan, an 8.89% year-on-year increase, and a net profit attributable to shareholders of 8.308 billion yuan, up 9.07% year-on-year. As an innovative pioneer in the logistics industry, Cainiao Group, under the leadership of Wan Lin, made significant strides in 2025 in building a global smart logistics network. By integrating global logistics resources, Cainiao constructed an intelligent logistics backbone network with worldwide coverage, enabling rapid cross-border transportation and precise delivery of parcels. In the third quarter of 2025, Cainiao's full-link product for Latin America achieved triple-digit sequential growth in average daily parcel volume. High growth rates in populous nations like Brazil and Mexico spearheaded the rapid expansion of the region's total volume. In today's rapidly evolving commercial landscape, the logistics industry acts as a powerful pulse within the economy's circulatory system. It intricately connects supply chains, networks, services, and data, serving as a crucial force driving economic growth and innovation. It is believed that the leaders of these logistics enterprises will further optimize supply chain collaboration, enhance the resilience and flexibility of logistics networks, and leverage emerging technologies to create more intelligent and efficient logistics service systems, thereby injecting new momentum into the digital transformation of the logistics industry.