The network partner model-based companies in China have gained parcel volume share from direct operation-based companies, with share rising to 76% in 2022 from 66% in 2011. The six largest express ...

SHANGHAI (Reuters) - Alibaba Group Holding Ltd will take a 14 percent stake in STO Express Co Ltd through a $693 million deal, the e-commerce giant's fourth significant investment in a Chinese courier ...

April 16 (Reuters) - STO Express Co Ltd: * SHENZHEN EXCHANGE FILING SHOWS BLOCK TRADE OF STO EXPRESS' 6.9 MILLION SHARES INVOLVING 161.8 MILLION YUAN ($25.75 million) ON APRIL 16 Source text in ...

The six largest privately owned express delivery companies accounted for around 82% of China’s parcel deliveries by volume in the third quarter of 2024, based on data from the companies and China’s ...

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Alibaba Group, China's largest e-commerce company, has proposed to purchase a 14 percent stake in STO Express, one of the largest courier service providers in the country, to further strengthen its ...

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An STO Express Co Ltd delivery vehicle in Guangzhou. STO founded a standalone business unit in 2013 September to tap the overseas market.[Photo provided to China Daily] The total amount of express ...

HONG KONG/BEIJING, Dec 1 (Reuters) - Chinese delivery firm Shentong (STO) Express has closed a 16.9 billion yuan ($2.6 billion) reverse takeover deal with a Shenzhen-traded valve maker, a fast-track ...

Workers sort deliveries at an office of STO Express Co Ltd in Fuyang, Anhui province. The company plans to become the country's first listed express delivery company through a reverse merger with a ...