Update on BABA-Backed Best Inc IPO: Company Chooses NYSE, Lifts Fundraising Target to US$1bn
Alibaba-backed logistics specialist Best Inc. on Tuesday morning (August 29th) in New York filed the third amendment to its initial Form F-1. This...
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With Help of Non-Operating, Non-Cash Items, ZTO Beats Q2 Estimates; But Q3 Guidance Looks Weak
ZTO Express (ZTO US) appears to have beaten Q2 consensus EPS (non-GAAP) estimates by a penny, with earnings per ADR coming in at US$0.15. But this...
314 Views
Best Inc IPO, Part 2 of 2: Valuation Versus Chinese Express Peers
Chinese express, trucking, and logistics company Best Inc., which counts Alibaba Group Holding Ltd (BABA US) as its largest investor, filed its...
458 Views
On Time Logistics
Takeout at $4.0698, ~11% spreadComment in On Time's business: Thin margin business, 3% EBITDA margins on almost no net margin, never loss...
356 Views
Chinese Express Volume Grew 32% in June, Pricing Still Under Pressure, ZTO Could Miss Q2 Targets
China's State Post Bureau reported June express parcel volume growth of 32.1% Y/Y. Express parcel revenues grew by 29.6%, so unit prices fell by...
395 Views