Core Insights - BingEx Limited, through its brand FlashEx, has launched a city-wide low-altitude logistics network in partnership with Hangzhou city and local businesses, currently in commercial pilot phase [1] - The project aims to create an efficient, safe, and sustainable urban air-logistics system by integrating low-altitude infrastructure, last-mile delivery demand, and intelligent drone capacity [1][3] - FlashEx has a nationwide network covering 297 cities and a user base of hundreds of millions, leveraging over 11 years of operational expertise to enhance logistics efficiency [2] Company Strategy - FlashEx's low-altitude logistics solution consists of four key modules: infrastructure, demand integration, capacity supply, and operations management, with initial routes already operational and a record of zero incidents [2] - By the end of 2025, FlashEx plans to establish a scalable city-wide low-altitude logistics network in Hangzhou, aiming to drive the development of China's low-altitude economy [4] - The company is committed to investing in technology and expanding its presence in the emerging logistics segment while supporting modern industrial systems and consumer services [4]