Post11, a joint undertaking founded in 2015 by Omniva and SF Express, which offers comprehensive international logistics solutions to e-merchants, will cease operations on 1 July 2022.
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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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Enya Zhang, who is in charge of Overseas Marketing at SNBC, explores the impact of Covid-19 on the industry and the demand for more automation.
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China’s postal industry registered higher revenue and business volume in the first four months of this year, despite the impact of the COVID-19 epidemic, reports several local news sources.
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Global logistics company Deutsche Post DHL Group and SF Holding, the owner of China’s largest private delivery courier company, SF Express, have launched a co-branded, ten-year venture called Shunfeng DHL Supply Chain China.
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