Three major Chinese logistics companies, Yunda, YTO Express, and STO Express, have divested their stakes in Fengwang Investment. Fengwang Investment, established in 2013, focuses on developing and providing services for express delivery networks. Following these exits, the company is now solely owned by Shanghai Yixulangcheng Enterprise Management Co., Ltd. AI
RANK_REASON The article reports on a change in ownership for a company involved in logistics network software, which is a business-to-business tool.
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