Group 1 - The domestic express delivery industry is accelerating consolidation, with Shentong Express announcing the acquisition of 100% equity in Zhejiang Daniao Logistics for 362 million yuan [1] - After the transaction, Daniao Logistics will become a wholly-owned subsidiary of Shentong Express and will be included in the company's consolidated financial statements [1] - Daniao Logistics, established by Cainiao in 2019, provides services such as collection, transit delivery, and reverse returns across approximately 300 cities in China, with an average daily business volume exceeding 4 million orders for 2024 and the first four months of 2025 [1] Group 2 - Despite its extensive network of 59 distribution centers and over 2,600 outlets, Daniao Logistics has struggled with profitability, reporting a net loss of 230 million yuan from January to April this year due to seasonal business volume declines and industry price reductions [1][2] - Shentong Express aims to enhance service quality and optimize product structure through this acquisition, targeting high-end delivery markets and emerging scenarios such as regional delivery and instant retail [2] - The State Post Bureau has been encouraging mergers and acquisitions in the express delivery sector, leading to increased consolidation activities within the industry, including significant acquisitions by competitors like JD Logistics and SF Express [2]