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…
ZTO fights for market share as parcel pace slows
The Chinese logistics giant posted higher quarterly revenues and profits, but a moderating growth rate for parcel deliveries was a red flag for investors Key Takeaways: ZTO’s parcel volume grew…
FAST NEWS: ZTO Express’ market share falls, even as parcel volume grows
The Latest: Logistics provider ZTO Express (Cayman) Inc. (ZTO.US; 2057.HK) reported Tuesday its net profit rose 3.3% year-over-year to 2.6 billion yuan ($366 million) in the second quarter, while its non-GAAP net profit…
J&T ditches low-price strategy to focus on customized deliveries
The upstart logistics provider has moved on from its controversial pricing-based strategy, as it continues to log rapid growth Key Takeaways: J&T’s average daily parcel volume in China rose 36.3%…
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…
ZTO momentum slows in third quarter as headwinds build
The delivery company’s revenue and profit both rose year-on-year despite China’s economic slowdown, but both figures were down from the second quarter Key Takeaways: ZTO earned 2.35 billion yuan in…
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%…
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