Research On The Motivation And Benefits Of Courier Companies' Backdoor Listing

With the development of economy,the rise of e-commerce platform,the increasing demand of the people and the strong support of Chinese policy,the express industry has entered a rapidly developed era.At present,China has become a big country of express delivery and the express industry has played a more and more important role in our daily life as well as in national economy,which pushes forward the economy.In 2016,China's express industry has entered a period of opportunity,the competition between large and small scale express companies is increasingly fierce,in order to seek for development and highlight their own advantages,each express companies choose to enlist and seek for listing financing in want for entering the capital market directly,improving the efficiency of financing,achieving scale expansion and easing the pressure of capital through the use of capital strength,modern management system and backdoor listing which provides it a relatively simply road..As the leading company of China's express enterprises,S Express is direct operation and has a strong brand influence.Its successful backdoor listing has a certain guiding to other express enterprises and has a certain representative.In the fierce competition of express industry,this small step of S Express enterprise is a giant step of the history.Firstly,this paper summarizes the background and significance of the research,points out the innovation point of the research;then it summarizes the basic theory about backdoor listing,deepens the understanding of backdoor listing through the research of domestic and foreign scholars on backdoor listing;and secondly,the case of S Express backdoor listing is briefly summarized and the development of express industry in China,the present situation of backdoor listing in express industry is understood;and then the course of S Express backdoor listing is reviewed,the basic situation and transaction flow of both sides of the parties are expounded,the change of ownership structure before and after S Express transaction is analyzed in the text.Then is the motivation and benefit analysis of S express backdoor listing: on one hand,it explained the motivation of both sides from the angles of external and internal factors;listed some risks faced by S express backdoor listing and pointed out the highlights of S express backdoor listing;on the other hand,it explored the change of benefits before and after S express backdoor listing;what's more,use the experience and enlightenment of S Express backdoor listing to sum up relevant experience as well as to provide some suggestions for its follow-up long-term development.