TOPIC

/ company

SF Express

The latest news, analysis and opinion on SF Express. In-depth analysis, industry insights and expert opinion.

Chairman / President

Wang Wei

CEO / Managing Director

Wang Wei

CFO / Finance Director

He Jie

Industry

Logistics, Courier Services

Website

sf-express.com

Headquarters address

No. 1 Lingnan Road, Bao'an District, Shenzhen, Guangdong, China

Stock Code

SZSE:002352

Year founded

1993

Indonesia offers big opportunities for Chinese logistics firms seeking to grow out of cutthroat competition at home. Photo: Mia Castagnone

Transport and logistics

Indonesia a magnet for Chinese logistics, supply chain operators: SF group

A growing economy, with multilingual talent and vast geographical expanse, makes Indonesia a good choice for expansion, SF unit says.

9 Jan 2025 - 12:49PM

Autonomous vehicles

Chinese self-driving truck start-up Autra.tech scales down operations

5 Nov 2024 - 8:00PM

Greater Bay Area

Drone delivery service launches in China’s Greater Bay Area

14 Apr 2024 - 3:00PMvideocam

Two Sessions 2024

Work-life balance urged to protect China’s workers from ‘invisible overtime’

With China faced with a faltering employment environment, Chinese People’s Political Consultative Conference delegate Lyu Guoquan says the idea of ‘offline rest’ should be added to its labour laws.

10 Mar 2024 - 8:28PMvideocam

Employees should not work more than eight hours per day, or 40 hours per week, on average, according to China’s labour laws. Photo: Xinhua

Hong Kong stock market

Hong Kong IPOs: here’s what’s in store in 2024 after a miserable 2023

Hong Kong’s IPO ranking sank to the 8th this year. But analysts are confident the stock exchange can shrug off a dismal year, pointing to potentially lower rates next year and China’s policy boost for the economy.

30 Dec 2023 - 10:00AM

IPO

Cainiao, Midea, SF and Movoi among hotly anticipated Hong Kong IPOs of 2024

After a lacklustre year for fundraising in Hong Kong, market participants are pinning their hopes on a turnaround in the primary market, expecting companies to revive dormant IPO plans.

25 Dec 2023 - 10:00AM

Business of climate change

China urges couriers to go green as packaging waste piles up amid e-commerce boom

China’s decarbonisation campaign has its cross hairs trained on the country’s mountain of discarded courier packaging material created by a boom in e-commerce at a time when Beijing is scrambling to meet its ambitious climate goals.

19 Dec 2023 - 4:45PM

Workers prepare packages for delivery ahead of the Singles Day shopping festival at a logistics center in Nanjing, in China’s eastern Jiangsu province on November 10, 2023. Photo: AFP

Electric & new energy vehicles

Ikea-backed Chinese NEV rental firm DST raises US$80 million from new investor

DST Electrical Vehicle Rental has secured US$80 million in funding from new investors, giving a boost to the company’s expansion plans.

13 Dec 2023 - 9:00AMvideocam

IPO

J&T Global Express to raise up to US$520 million as Hong Kong IPO oversubscribed

J&T Global Express, an Asian courier service group based in Shanghai, could raise as much as HK$4.1 billion (US$520 million) from its initial public offering after orders from investors exceeded the shares offered for sale.

26 Oct 2023 - 8:01PM

IPO

Indonesian courier J&T Global aims to raise US$500 million in Hong Kong IPO

Indonesian courier services start-up J&T Global Express said on Monday it planned to raise up to HK$3.92 billion (US$500.97 million) in Hong Kong, in what is set to be the Hong Kong stock exchange’s second-largest initial public offering (IPO) of the year.

16 Oct 2023 - 4:33PM

Alibaba

Alibaba’s Cainiao to heat up China’s logistics industry after US$1 billion IPO

About a decade after Alibaba founder Jack Ma pushed forward its creation, Cainiao has become one of the world’s top logistics services providers and a big opportunity for global investors when it lists in Hong Kong.

28 Sep 2023 - 2:05PM

Alibaba Group Holding founder Jack Ma led the establishment of logistics enterprise Cainiao in 2013 to strengthen the foundation of his e-commerce empire. Photos: Shutterstock

ByteDance

Douyin makes aggressive push in food delivery in bid to take on Meituan

The Chinese version of TikTok is expanding to 24 new markets including Shenzhen and Tianjin to capture a larger slice of China’s lucrative food delivery pie.

13 Sep 2023 - 12:49PMvideocam

UAE

SF Airlines launches weekly cargo route to Dubai from Hubei

Prior to this route, SF Airlines and Etihad Airways had jointly launched the Wuhan-Abu Dhabi air cargo route to boost air logistics.

16 Aug 2023 - 5:53PM

Hong Kong property

Hong Kong’s IPO market slump bruises office leasing demand: Savills

A slowdown in public markets has hurt demand for office leasing in Hong Kong, but a turnaround in deal activity with a boost from blockbuster listings could improve the prospects for the second half of the year, according to real estate firm Savills.

14 Aug 2023 - 10:35AM

View of commercial building in Central. Photo: Dickson Lee

IPO

Chinese courier SF plans Hong Kong share sale to raise up to US$3.3 billion

The move to sell up to 540 million shares in Hong Kong shows faith in the e-commerce business and adds to evidence that the worst is over for China’s regulatory crackdown on Big Tech companies.

2 Aug 2023 - 4:23PM

SF Express courier boxes are seen at the company’s headquarters in Shenzhen in a 2015 file photo. Photo: Reuters

Trending in China

Awesome! Movers in China boost productivity, reduce injuries with exoskeleton suits

During the busy summer moving season in China this year, a number of mainland companies are boosting efficiency and reducing injuries with wearable exoskeleton robots.

25 Jul 2023 - 9:19AM

E-commerce

Meituan takes a leaf out of new rival Douyin’s book by adding more video

As ByteDance’s Douyin pushes into the local delivery market, dominant player Meituan has taken a page from Douyin’s video playbook.

17 Jul 2023 - 10:30PM

China technology

How a Chinese tech giant cracked food delivery by drone in urban Shenzhen

Food delivery platform Meituan is using China’s tech hub, Shenzhen, as a testing ground for meal delivery by drone in densely built urban areas. With refinements, it could take off in a big way.

17 Jun 2023 - 8:28AM

Food delivery platform Meituan is using China’s tech hub Shenzhen as a testing ground for drone deliveries, and with residents getting used to the technology, it could soon take off in a big way. Photo: Meituan

Drones

China’s drone industry crosses US$14-billion mark in annual output in 2022

That growth underscores the industry’s resilience in the face of US trade sanctions, which included the blacklisting of consumer drone giant DJI last year.

5 Jun 2023 - 11:41PM

Artificial intelligence

AI sector a bright spot in tough jobs market for China’s graduates

Job offers for graduates with degrees in large language models and related areas of AI have surged, according to Liepin report.

3 Jun 2023 - 7:26AMvideocam

E-commerce

Food delivery giant Meituan sees revenue increase on post Covid demand rebound

Meituan’s net profit was 3.36 billion yuan from a 5.7 billion yuan loss a year ago, thanks to cost-cutting efforts and a rebound in food sector.

25 May 2023 - 8:34PM

Meituan’s revenue increases on food rebound post Covid. Photo: SCMP/Simon Song

Hong Kong healthcare and hospitals

Hong Kong hospitals to launch home delivery for specialist clinic prescriptions

Hong Kong health authorities to launch medicine home delivery service for specialist outpatient clinics.

3 May 2023 - 12:05AM

The Health Authority is to launch a medicine home delivery service for patients at specialist hospital outpatient clinics. Photo: Edmond So

Hong Kong property

Tycoon blames Hong Kong property seizures on ‘short-term cash-flow disruption’

Chen Hongtian’s company, Cheung Kei Group, cites defaults on ‘several big-ticket accounts receivable’ and ‘abnormal obstacles’ for loss of control over assets including house on The Peak.

31 Mar 2023 - 8:15PM

E-commerce

China’s e-commerce sector sees at least 89 platforms go under in 2022

A number of the platforms that closed shop last year were once backed or funded by Chinese e-commerce giants like Alibaba and JD.com.

2 Feb 2023 - 7:34PMvideocam

ByteDance

ByteDance-owned Douyin looks to shake up China’s on-demand local services sector

Douyin, the Chinese version of TikTok, is competing against Meituan in food delivery and other segments of on-demand e-commerce in the country.

25 Jan 2023 - 12:00PM

ByteDance

TikTok’s Chinese version Douyin appoints 32-year-old ‘straight shooter’ as new leader

Douyin, the Chinese sibling to TikTok, has appointed 32-year-old Han Shangyou as its business leader, with a mandate to chart the hit video app through its expansion into life services and live streaming markets.

19 Dec 2022 - 9:30AMvideocam

ByteDance

ByteDance teams up with couriers to put pressure on Meituan in food delivery market

Short video platform Douyin, with 600 million daily active users in China, has teamed up with couriers including SFTC to take on industry giant Meituan in the local services market.

6 Dec 2022 - 9:30PM

ByteDance

TikTok’s Chinese version Douyin adds shopping to news app in e-commerce push

Douyin’s 600 million daily active users will be able to link their accounts to Jinri Toutiao and shop within the popular news aggregation app.

19 Oct 2022 - 1:34PMvideocam

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