China’s personal delivery market is on the rise. Only some are already making money

China’s personal delivery market is on the rise. Only some are already making money

On-demand delivery has become a competitive market that logistics companies and e-commerce platforms have expanded into.

China’s personal delivery market is growing. Only some are making money - Finnoexpert

China’s large labor force and internet ecosystem have supported fleets of couriers delivering an increasing range of products on demand. U.S.-listed BingEx has taken a unique strategy by dedicating one delivery person for each order, becoming “a pioneer in the dedicated courier service industry,” Deutsche Bank analyst Jessie Xu said in a June 10 report that initiated coverage on the stock with a buy rating. By using the Chinese company’s app, so…