Is China’s express delivery price war over? The answer will lie in profits
China’s drive to stamp out cutthroat competition is starting to stabilize express delivery prices, but uneven earnings raise questions about the recovery’s sustainability By Lee Shih Ta Delivering more…
FAST NEWS: J&T’s loss narrows on strong Southeast Asia business
The latest: Logistics provider J&T Global Express Ltd. (1519.HK) announced Friday its non-GAAP adjusted loss last year narrowed 71% to 432 million yuan ($60 million). Looking up: J&T‘s revenue grew 21.8%…
FAST NEWS: ZTO Express profit rises despite lower revenue per order
The latest: Logistics provider ZTO Express (Cayman) Inc. (ZTO.US; 2057.HK) reported Wednesday its annual net profit rose 28.5% year-over-year to 8.76 billion yuan ($1.22 billion) in 2023, while its non-GAAP net profit rose…
FAST NEWS: J&T Global stands still in IPO trading debut
The latest: Shares of Chinese logistics provider J&T Global Express Ltd. (1519.HK) opened at HK$12 in their Friday trading debut, unchanged from their IPO price. Looking up: The local portion…
FAST NEWS: ZTO Express posts big profit growth, raises full-year delivery guidance
The latest: Logistics provider ZTO Express (Cayman) Inc. (ZTO.US; 2057.HK) announced Thursday its first-quarter revenue rose 13.7% year-over-year to 8.98 billion yuan ($1.34 billion), while its net profit jumped 90.2%…
FAST NEWS: JD Logistics swings to adjusted profit on strong revenue growth
The latest: Logistics services provider JD Logistics Inc. (2618.HK) announced on Thursday its revenue rose 31.2% to 137.4 billion yuan ($19.7 billion) last year, as its net loss narrowed 93%…
ZTO Express Delivers Exceptional Profits for Investors
The company was the most profitable in China’s ultra-competitive parcel delivery industry during the third quarter Key Takeaways:ZTO Express’ revenue grew much faster than its operating costs in the third…
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