Author: Emily

SF Express suffers loss in Q1 2021

Last week Chinese Logistics Giant SF Express Holding announced that it suffered heavy financial losses in the first quarter of 2021, reports Asian Polyglot View Blog. The financial report shows that its operating income reached 42.62 billion yuan, a year-on-year increase of 27.07%, while its net profit loss was 989 million yuan, down 209.01% year-on-year.

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China’s anti-monopoly crackdown continues

China’s antitrust regulator said on Monday that it has officially started an investigation into Meituan, the country’s largest on-demand delivery service provider, over the alleged monopolistic business practice of forcing merchants to “pick one from two,” as the focus of the country’s anti-monopoly crackdown shifts from Alibaba Group Holding to more companies, reports South China Morning Post.  

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