China’s personal delivery market is on the rise. Only some are already making money
CNBC: Investing
JUNE 15, 2025
FlashEx "started recording positive unit operating profit from 3Q23 and has been profitable since then," Deutsche Bank's Xu said, pointing out that most of its competitors still operate at a loss in the one-on-one courier business. The brand's name has become a local way to describe the service, just like Kleenex.
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