Pelican Business Summary

Taiwan Pelican Express (2642.TW) operates a high-density logistics and courier business model in Taiwan, primarily generating revenue through transaction-based service fees for home delivery and integrated third-party logistics (3PL) solutions. The company’s primary business segments include Home Delivery Services—encompassing business-to-consumer (B2C), consumer-to-consumer (C2C), and specialized temperature-controlled "cool" delivery—and Logistics Services, which provide end-to-end warehousing, tallying, and distribution for e-commerce and retail sectors. Additionally, it maintains a strategic niche in airport baggage services and value-added collection-on-delivery solutions. As Taiwan’s first dedicated home delivery provider, the company competes directly with market leader President Transnet (Black Cat), Kerry TJ Logistics, and HCT Logistics, positioning itself as a top-tier service provider with a strong emphasis on B2C fulfillment and deep integration with major convenience store networks. The company was established in 1999 as a strategic joint venture between the TECO Group, led by founder and former Chairman Huang Mao-hsiung, and Japan’s Nippon Express, leveraging Japanese "Pelican" delivery technology to modernize Taiwan's courier industry. The current leadership is headed by Chairman Sophia Chiu (Chwen-Jy Chiu), a prominent executive who also serves as Chairman of TECO Electric & Machinery and holds an MBA from the University of Michigan. The executive team is managed by General Manager (CEO) Hsu Ching-I, who oversees the firm’s current focus on "green transportation" and smart logistics automation. Taiwan Pelican’s board and shareholder base feature a high-pedigree roster of institutional investors, including Nippon Express Holdings, Itochu Corporation, and Fubon Media (momo), reflecting its critical role in the domestic retail and international logistics ecosystems.