BEST is a China-based supply chain and logistics services provider operating three business lines: BEST Freight, BEST Supply Chain Management, and BEST Global. BEST Freight is the largest segment, offering less-than-truckload (LTL) freight services across China, handling B2B and B2C shipments through a network of over 20,000 franchisee-operated service stations covering all of China's provinces and cities. BEST Supply Chain Management provides end-to-end warehousing, order fulfillment, and distribution services to brand manufacturers, retailers, and e-commerce merchants through a network of roughly 395 "Cloud OFC" fulfillment centers, processing approximately 380M orders annually. BEST Global, the smallest segment, handles cross-border freight and local express delivery between China and Southeast Asian markets, including Thailand, Vietnam, Malaysia, and Singapore. BEST describes itself as asset-light — it leases facilities and relies on franchisee partners and third-party truckers rather than owning assets directly. Revenue is volume-driven across all three segments, with profitability sensitive to utilization of fixed sorting and hub infrastructure. BEST's proprietary technology platform, BEST Cloud, connects franchisees, merchants, and internal operations, and is central to cross-selling integrated logistics solutions to key accounts. BEST's strategy focuses on digital transformation, cross-selling across its three service lines, and expanding BEST Global's footprint in Southeast Asia to capture growing cross-border e-commerce volumes.