BRIEF: ZTE to raise $500 million through convertible bond issue
Telecoms equipment maker ZTE Corp. (0763.HK; 000063.SZ) announced on Tuesday that it plans to issue 3.58 billion yuan ($499 million) worth of zero-coupon, U.S. dollar-settled bonds with the option to…
Growing profits, shrinking market share test ZTO’s strategy
The logistics provider’s market share fell as its parcel volume growth trailed the industry last year, signaling its profit-oriented development strategy was facing headwinds Key Takeaways: ZTO’s parcel volume increased…
To meme or not to meme: Shengfeng stock on roller coaster ride in its first year
The niche logistics company’s shares have swung widely since their public debut a little more than a year ago, but may have finally settled at a realistic level Key Takeaways:…
Full Truck Alliance goes full throttle on user acquisitions
The trucking platform operator boosted its sales and marketing spending 50% in the fourth quarter, double the rate of its revenue growth Key Takeaways: Full Truck Alliance’s revenue rose 25.3%…
NEWS WRAP: ZTO Express zooms on Covid rebound, but warns of ‘soft economic environment’
The leading Chinese parcel delivery company’s revenue rose 12.5% in the second quarter, while its profit jumped 44% By Doug Young Parcel delivery company ZTO Express (Cayman) Inc. (ZTO.US;…
Shengfeng drives into investor fast lane with big post-IPO gains
The logistics company’s shares have more than doubled since their March IPO, including a 36% jump on a single day this week Key Takeaways: Shengfeng’s shares have risen sharply since…
J&T Global Express: Game changer or just a rabble rouser?
The logistics provider has filed for a Hong Kong IPO, aiming to become one of China’s top three delivery companies Key Takeaways: J&T Global Express has lost money for the…
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BRIEF: ZTE to raise $500 million through convertible bond issue
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Growing profits, shrinking market share test ZTO’s strategy
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