NEWS

SHENZHEN, China, Dec. 31, 2024 -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (Nasdaq: YGMZ), an elite provider of logistics and transportation services to businesses, today announced its unaudited financial results for the six months ended June 30, 2024. Mr. Jinlong Yang, CEO of MingZhu, commented, "After the severe negative impact of the COVID downturn, our focus has been on rebuilding our core logistics business. This process has demanded substantial resources, including significant investments and dedicated personnel to meet customer needs. Unfortunately, the additional costs, coupled with higher interest rates, have been amplified by lower sales during the six months ending June 30, 2024, resulting in an increased net loss. Moving forward, our priorities are twofold. First, we are committed to returning sales growth in our core logistics business while reducing operating expenses to improve profitability. While this will take time, we are encouraged by early...

SHENZHEN, China, March 14, 2022 -- MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) (the "MingZhu" or "Company"), a leading trucking service provider, today announced it has entered into a Share Purchase Agreement to acquire Yinhua (BVI) Limited (the "Yinhua"), which develops and operates a comprehensive auto related service platform to serve auto insurance companies. MingZhu expects this acquisition to be immediately accretive to its revenue, gross margin and net income. The transaction is...

SHENZHEN, China, Dec. 29, 2021 -- MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) (the "MingZhu" or "Company"), a leading trucking service provider, today announced that it entered into a Share Purchase Agreement (the "SPA") on December 29, 2021 to acquire 100% of the equity interest of Cheyi (BVI) Limited (the "Cheyi BVI") which operates its business through its subsidiary Zhejiang CheYi Network Technology Co., Ltd. (the "CheYi Network"), an integrated online car-hailing and driver management...

SHENZHEN, China, Dec. 23, 2021 -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services to businesses, today announced its financial results for the six months ended June 30, 2021. Mr. Jinlong, CEO of MingZhu, commented, "We ended the first half of 2021 in a stronger financial position, with 8.2% year over year revenue growth, a 15% improvement in gross profit, and a 24% improvement in operating income. We...

SHENZHEN, China, Dec. 13, 2021 -- MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) (MingZhu or the Company), a leading trucking service provider, today announced that it intends to expand into the commercial liquor distribution market given the synergies and adjacency to its existing business. The Company intends to cooperate with a China-based distributor of Baijiu and other spirits to enhance its commercial liquor distribution business across China, subject to final agreement. As part of its...

SHENZHEN, China, Oct. 12, 2021 -- MingZhu Logistics Holdings Ltd. (NASDAQ: YGMZ) (MingZhu or the Company), a leading trucking service provider, today announced that it has entered into a non-binding memorandum of understanding ("MOU") to acquire the controlling interest of Xinjiang Feipeng Logistics Co. Ltd. ("Feipeng"), a services provider of slack coal transportation for the "first and last mile" by road-railway intermodal system in Xinjiang. The acquisition will provide customers an...

SHENZHEN, China, Sept. 27, 2021 -- MingZhu Logistics Holdings Ltd. (Nasdaq: YGMZ) ("the company"), a leading trucking service provider, today announced the Company attended the 16th China (Shenzhen) International Logistics and Supply Chain Fair ("CILF") held September 23-25, 2021. CILF is a must attend event for companies working in or relying upon the modern global logistics and supply chain industry. At the CILF, MingZhu Logistics received an award for Excellent Cross-Border eCommerce...

SHENZHEN, China, July 26, 2021 -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services, today announced it has entered into a non-binding  memorandum of understanding ("MOU") with Damo Electric Truck ("DAMO").  Under the MOU, Mingzhu will set up a joint venture ("JV") with DAMO and DAMO will transfer its operating business and all IP it has developed or is currently developing into the JV...

SHENZHEN, China, July 6, 2021 -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services to businesses, today announced it has entered into a non-binding memorandum of understanding ("MOU") to acquire controlling equity interest of Zhejiang CheYi Network Technology Co., Ltd. ("CheYi Network"), an integrated online car-hailing and driver management services company. The acquisition offers MingZhu's...

SHENZHEN, June 29, 2021 -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services to businesses, today announced that on June 29, 2021, it received notification from The Nasdaq Stock Market LLC ("NASDAQ") confirming the Company has regained compliance with the periodic filing requirement for NASDAQ under Listing Rule 5250(c)(1).  NASDAQ noted this matter is now closed.About MingZhu Logistics Holdings...

SHENZHEN, June 28, 2021 -- MingZhu Logistics Holdings Limited ("MingZhu" or the "Company") (NASDAQ: YGMZ), an elite provider of logistics and transportation services to businesses, today announced its audited financial results for the full year ended December 31, 2020. Mr. Jinlong Yang, Chairman and Chief Executive Officer of MingZhu Logistics Holdings Limited, commented, "2020 was a year of major milestone achievements, as we executed on our business strategy and strengthened our...