Economic Observer network reporter Zhang Xiaohui today (August 19), Jingdong stopped Shentong express Co., Ltd. (002468. SZ, hereinafter referred to as “Shentong express” or “Shentong”), the stock price of Shentong express fell by 1% to 16.39 yuan per share, but it quickly recovered to rise in the session, rising to 16.94 yuan per share, slightly higher than the previous day’s closing price of 16.56 yuan, with a total market value of about 25 billion yuan. < p > < p > on August 18, some media said that after the contract with Shentong express had expired, the domestic e-commerce giant Jingdong asked the merchants to stop Shentong delivery. If they did not switch, their normal delivery would be affected. < p > < p > as one of the domestic express industry giants, Shentong’s Director Secretary’s office replied in the afternoon of August 19 that the business volume of Jingdong is not large, and the two sides are still in communication on this issue. < p > < p > Economic Observer network reporter asked how much revenue generated by Jingdong platform accounted for the turnover of Shentong express. The Secretary’s office of Shentong express replied: this specific figure has not been disclosed. Whether cooperation will be resumed in the future depends on the communication between the two sides, which can not be seen in the short term. Both sides are still open. In response to the media, JD said that in June 2019, after the contract between Shentong and Jingdong’s open platform expired, the two sides continued to communicate on the renewal of the contract. < / P > < p > in fact, behind Jingdong’s suspension of Shentong, there may be a dispute between Jingdong and Alibaba, the two major domestic e-commerce giants. JD and Alibaba are in the fierce competition in the field of e-commerce. < p > < p > in July 2019, Deyin holding, the major shareholder of Shentong express, transferred 49% of the equity of Shanghai Deyin Derun Industrial Development Co., Ltd. (hereinafter referred to as “Deyin Derun”) to Alibaba at the price of 4.67 billion yuan. Deyin Derun is the largest shareholder of Shentong express, directly holding 29.90% of the equity of Shentong express. According to the operating data of Shentong express in July 2020, its express income was 1.667 billion yuan, a year-on-year decrease of 6.31%; the completed business volume was 786 million tickets, with a year-on-year increase of 23.51%; the single ticket income was 2.12 yuan, a year-on-year decrease of 24.29%. The above data show that Shentong’s business volume has increased greatly, while the total revenue and the amount of single ticket are declining. < p > < p > on July 30, 2020, some investors asked Shentong express through the interaction of Shenzhen Stock Exchange: “what measures does the company take to reduce the market share of capital guarantee in the face of fierce price war?” < p > < p > Shentong express replied that regarding the current price competition in the industry, the company will reduce costs and increase efficiency by optimizing management efficiency, expanding the capacity of the whole network, strengthening market cooperation, improving service quality, and implementing the transformation and upgrading of digital intelligence, so as to steadily increase the market share of the company. In addition, Shentong has recently been reported to have a meow station plan, that is, it plans to build 3000 meow stations nationwide by September 30, 2020, and 6000 meow stations will be built before December 31, 2020 to compete for the terminal service of express delivery. Meow station will operate as an independent brand. The system has been connected with the express companies of the same industry. It can collect express from Zhongtong, Yunda, Yuantong and Baishi, and will connect with logistics enterprises such as Tiantian express and Debang. < / P > < p > after Alibaba became a shareholder in Shentong, Shentong express started multi business cooperation with Alibaba and rookie and deeply integrated. At least since Alibaba completed the equity acquisition of Shentong’s controlling shareholder in July 2019, Shentong has proposed more outlets to join the rookie post station nationwide. < p > < p > as for the meow station and rookie post station of Shentong, Shentong suggests that the meow station should be built 300 meters away from the rookie station instead of the rookie station. < / P > < p > in addition to Shentong express, Jingdong also reminds that after August 31, 2020, logistics service carriers such as Jiaji Express, Guotong express, caxingtianxia, Fengda, Quanfeng express and other logistics service carriers may not be selected from the system shipment list, and relevant logistics tracking information will not be displayed on Jingdong platform. It is suggested that businesses switch logistics service carriers. The competition between JD and Alibaba has spread from its e-commerce platform to logistics carriers. Jingdong also has Jingdong express. According to BOE, Jingdong Express has applied to settle in Alibaba’s e-commerce platform, but it has not received any response. < / P > < p > therefore, it is not difficult to understand that Shentong express, which is a shareholder of Alibaba, has been temporarily suspended from providing logistics services after the expiration of its contract to settle in Jingdong platform. < p > < p > since the beginning of 2020, due to the impact of the epidemic, the share price of Shentong express has dropped from 19.5 yuan per share to 16.5 yuan at present, with a decrease rate of about 15%. < / P > < p > at present, although Shentong express is stopped by Jingdong, Shentong express says that the company is still communicating with Jingdong. Whether the strategy of building 6000 meow stations in China can be successfully realized still needs time to prove.