Firms estimate healthy profits despite the Covid pandemic dragging on business volume growth

China slaps a ban on Australia’s biggest grain exporter. Netflix plans to adapt “The Three-Body Problem.”

Founder Yu Huijiao and his wife will retain controlling stake in major courier, as e-commerce giant’s holdings grow to 22.5%

Tencent’s market cap shrinks by $140 billion, YTO plans $1.8 billion Zhejiang logistics hub, Baidu gives up on Chuanke

Competition heats up as couriers see great demand driven by thriving e-commerce

Moves come as China’s young parcel delivery firms, feeding off nation’s e-commerce craze, seek to expand beyond their home market

Parcel delivery giant to pay $134 million for 62% of On Time as Chinese-mainland couriers look to expand beyond their home market