Liu Qiangdong’s Prediction Falls Flat! JD Logistics Faces Pressures from All Sides as the Logistics Industry Landscape Transforms
This Year is a Big Year for the Logistics Industry, with Fierce Competition and Battle Flags Flying: In June, J&T Express submitted its listing documents on the Hong Kong Stock Exchange; In August, SF Express (002352.SZ) applied for a secondary listing on the Hong Kong Stock Exchange; In September, Cainiao also submitted its listing documents on the Hong Kong Stock Exchange. Logistics giants are gearing up, seemingly ready to start a new round of warfare. There is a significant backdrop to this: since the pandemic restrictions were lifted in the first half of the year, the price per package for all courier companies has decreased. Shentong Express (002468.SZ), which saw a relatively large decline, dropped the price per package by 8.2% to 2.35 yuan, marking the start of a new round of price wars. Even JD.com (JD.O, 09618.HK), which has always positioned itself as a high-end service, lowered its free shipping threshold from 99 yuan to 59 yuan for the...