Who needs Dingdong? Alibaba answers Meituan with super-sized Pupu bid
Alibaba is reportedly offering $1.5 billion for regional online grocer Pupu, more than double the $600 million offered by a previous bidder Key Takeaways: Alibaba is reportedly bidding $1.5 billion…
BRIEF: Surging instant retail lifts SF Intra-city profit by over 80%
Local delivery company Hangzhou SF Intra-city Industrial Co. Ltd. (9699.HK) said on Sunday that it expects to report a profit of at least 238 million yuan ($34 million) for 2025,…
NEWS WRAP: Strong demand for local deliveries drives SF Intra-City to record revenue
Revenue for China’s top on-demand delivery service provider passed the 10 billion yuan mark in the first half of the year, as its net profit more than doubled By…
NEWS WRAP: JD.com completes Dada Nexus takeover with privatization bid
The e-commerce giant has gradually boosted its stake in Dada since the intra-city delivery company’s 2020 IPO, and currently holds 63% of Dada’s shares By Doug Young E-commerce giant…
BRIEF: SF Intra-city’s profit doubles in 2024
Intra-city delivery company Hangzhou SF Intra-city Industrial Co. Ltd. (9699.HK) on Tuesday said it expects to report its profit for all 2024 more than doubled year-on-year, as its revenue rose…
BRIEF: SF Intra-city stock included in Mainland Connect programs
Intra-city parcel delivery company Hangzhou SF Intra-city Industrial Co. Ltd. (9699.HK)announced that its shares were approved for inclusion in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs…
SPONSORED: What’s behind SF Intra-city’s big annual profit growth
China’s largest third-party on-demand delivery service provider recorded a profit for the year that met market expectations SF Intra-city reported revenue of 12.4 billion in 2023, up 21.1%, with an…
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