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…
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…
