Postal Savings Bank of China reportedly selling stake ahead of IPO
Postal Savings Bank of China (PSBC) is reportedly looking to complete a $8bn deal with a group of private investors ahead of its IPO next year.
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New e-commerce warehouse in Shenzhen
International Bridge, a company which organises small-parcel delivery from China to US destinations, has announced the relocation and expansion of its Chinese warehouse operations in the Xili area of Nanshan District, Shenzhen.
Read MoreCainiao reveals logistics preparations for 11.11
Cainiao has revealed the special logistics arrangements that have been made in preparation for this year’s 11.11 Global Shopping Festival.
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Tighter security rules could disrupt Singles Day
In the wake of the recent “parcel bomb” incidents, Chinese authorities have tightened up security requirements for parcel deliveries, and there are concerns that this could disrupt the annual “Singles Day” online shopping holiday.
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STO Express eyes ‘back door’ listing
Chinese parcel delivery company firm Shentong (STO) Express may be planning to arrange a ‘back-door’ listing on the Shenzhen exchange, according to reports.
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