From Road to Sky: BingEx and Hangzhou Join Forces to Launch a Next-Generation Urban Drone Network

Rhea-AI Summary

BingEx (Nasdaq: FLX) and Hangzhou launched a commercial pilot for a city-wide low-altitude urban drone logistics network, integrating infrastructure, demand, capacity and operations management. The program leverages FlashEx's 11+ years of operations, a nationwide network covering 297 cities and a user base of hundreds of millions. First routes are live with a reported zero-incident, zero-accident record. FlashEx aims to establish an initial full city-wide network in Hangzhou by end of 2025 and plans continued investment and geographic expansion in low-altitude logistics.

Positive

• Operational experience: 11+ years in delivery services
• Network scale: presence across 297 cities
• Pilot safety: initial routes reported zero-incident, zero-accident
• Target timeline: aim to establish city-wide Hangzhou network by end of 2025

Negative

• None.

News Market Reaction – FLX

-6.16%

2 alerts

-6.16% News Effect

-$15M Valuation Impact

$229.37M Market Cap

1.1x Rel. Volume

On the day this news was published, FLX declined 6.16%, reflecting a notable negative market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $15M from the company's valuation, bringing the market cap to $229.37M at that time.

Data tracked by StockTitan Argus on the day of publication.

BEIJING, Oct. 9, 2025 /PRNewswire/ -- BingEx Limited (Nasdaq: FLX), a Nasdaq-listed company best known through its business brand FlashEx, the leading on-demand dedicated courier service provider in China, has partnered with Hangzhou city and local businesses to launch a city-wide low-altitude logistics network, now in commercial pilot. The project combines low-altitude infrastructure, last-mile delivery demand, and intelligent drone capacity to create an efficient, safe, and sustainable urban air-logistics system.

Drawing on over 11 years of operational expertise, a nationwide network covering 297 cities, and a user base of hundreds of millions, FlashEx delivers precise order forecasting, site recommendations for takeoff and landing, route planning, and intelligent scheduling to drive low-altitude logistics and maximize efficiency. The city-level solution spans four key modules: infrastructure, demand integration, capacity supply, and operations management. Its first routes are already live, with a flawless "zero-incident, zero-accident" record.

Low-altitude logistics, a key driver of next-generation productivity, goes beyond on-demand delivery to provide efficient solutions for long-distance, time-sensitive, and specialized orders. By integrating drones with on-site teams, it lightens riders' workloads, minimizes risks, and elevates both service quality and the end-user experience.

By the end of 2025, FlashEx aims to establish an initial city-wide low-altitude logistics network in Hangzhou, creating a scalable and replicable model to drive China's low-altitude economy. The company will continue investing in technology, expanding its footprint in this emerging logistics segment, and supporting the development of modern industrial systems and consumer services.

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SOURCE BingEx Limited

FAQ

What did BingEx (FLX) announce about drone logistics on October 10, 2025?

BingEx announced a commercial pilot with Hangzhou to launch a city-wide low-altitude drone logistics network integrating infrastructure, demand, capacity, and operations.

How large is FlashEx's existing network referenced in the FLX announcement?

The announcement cites a nationwide network covering 297 cities and a user base of hundreds of millions.

What safety record did FLX report for the initial drone routes?

FLX reported the first routes are live with a zero-incident, zero-accident record.

When does FLX plan to complete the initial city-wide Hangzhou drone network?

The company aims to establish the initial city-wide low-altitude logistics network in Hangzhou by end of 2025.

What operational capabilities does FlashEx bring to the Hangzhou drone project?

FlashEx contributes order forecasting, takeoff/landing site recommendations, route planning, and intelligent scheduling for last-mile drone operations.

Will FLX expand its drone logistics beyond Hangzhou and continue investing?

The company stated it will continue investing in technology and expand its footprint to scale and replicate the low-altitude logistics model.