STO(SZ:002468) Zheng Quan Shi Bao·2025-11-10 13:01Group 1 - The establishment of the Jicang Phase III Equity Investment Fund (Beijing) has been confirmed, with a total investment of 1 billion yuan, focusing on private equity and venture capital fund management [1] - The fund is co-funded by eight companies, including Cainiao Network Technology Co., Ltd., China Life Capital, Shentong Express, AIA Life Insurance, and Zhonghong Insurance [1] - Shentong Express's wholly-owned subsidiary, Shanghai Shencheng Supply Chain Management Co., Ltd., contributed 300 million yuan, making it the largest investor with a 30% stake [2] Group 2 - The fund attracted participation from several insurance companies, with China Life Infrastructure Investment Management Co., Ltd. and China Life Industrial Investment Co., Ltd. each contributing 2.5%, Zhonghong Life Insurance contributing 20%, and AIA Life Insurance contributing 26.6% [2] - This is not the first collaboration between Cainiao and insurance capital; in February 2024, they established the Jiaxing Baocang Equity Investment Partnership with a scale of 1.7 billion yuan [2] - In May 2023, Cainiao and China Life set up a logistics equity investment fund exceeding 3 billion yuan, focusing on high-standard logistics infrastructure in the Yangtze River Delta economic circle [3] Group 3 - The logistics industry in China is experiencing rapid growth, driven by increasing demand from industrial production and e-commerce consumption [3] - The collaboration between insurance capital and logistics giants is expected to enhance the development of high-standard warehousing and logistics, leveraging technologies like IoT, big data, and artificial intelligence [3] - There is significant potential for cooperation in areas such as insurance for logistics assets, data resources, and the integration of quality logistics assets [3]