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Core Viewpoint - The article emphasizes the strategic partnership between SF Express and Kales, highlighting the importance of human capital in investment decisions and the potential for technological advancements in the logistics industry through robotics [12][22]. Group 1: Company Overview - Kales Technology Group has submitted a listing application to the Hong Kong Stock Exchange, positioning itself as a leading player in China's logistics robotics sector and a representative of comprehensive in-house logistics robot solutions [2][13]. - SF Express holds approximately 14.1% of Kales' shares, making it the largest external institutional shareholder, while Kales' founders control over 40% of the voting rights, establishing them as the core decision-makers [2][13]. Group 2: Strategic Importance of Kales - SF Express is focused on improving efficiency and reducing costs in logistics, which are determined by internal processes such as warehousing, handling, and sorting, rather than just the final delivery [15][17]. - Kales specializes in enhancing core logistics operations through increased storage density, flexible handling, and high-intensity sorting, thereby transforming logistics infrastructure rather than merely manufacturing robots [16][19]. Group 3: Partnership Dynamics - SF Express recognizes the need for a strong technological partner like Kales, rather than attempting to develop a large-scale technology division independently [18][20]. - Kales has demonstrated its capabilities through successful implementations within SF Express and other major clients, showcasing its market-validated technology and integration of hardware and software into a complete intelligent logistics system [19][20]. Group 4: Founders' Background - The founders of Kales, Gu Chunguang and Yang Yan, possess impressive academic and professional backgrounds, including degrees from Tsinghua University and MIT, as well as experience in strategic consulting and large enterprises, making them well-equipped to drive technological innovation [21][22]. - SF Express's choice to partner with Kales reflects a commitment to a team capable of creating sustained value and driving significant industry transformation through robotics [22].