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…
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…
