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:…
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…
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%…
Dada Nexus rides closer to JD.com’s orbit with management shakeup
The intra-city delivery company named a new chairman and CFO, both with close ties to JD Logistics Key Takeaways: Dada Nexus has appointed two JD Logistics veterans as its new…
SF Intra-city buys back shares, as parent’s stalled Hong Kong IPO languishes
Shares of two separately listed units of logistics giant SF Express both trade well below their 2021 IPO prices, as their parent’s plan to list in Hong Kong is going…
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;…
NEWS WRAP: Full Truck Alliance drives ahead with Covid controls in the rear-view mirror
The trucking app operator reported its revenue rose 23.5% in the second quarter, and forecast a slight deceleration in the growth rate in the current quarter By Teri Yu…
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