STO Express profits rebound amid the dimming courier market
Posted On April 12, 2019
After three years of lackluster financial results, Alibaba backed STO Express finally sees its profit rebound – a 37.7% profit growth in 2018 to 2 billion RMB. The revenue upsurge can be attributed to the development of intelligent business solutions benefiting from IT upgrades, which has also boosted JD’s segmented income to RMB 12.3 billion in 2018. Some insiders believe that the prospects of courier industry growth are even more promising as AI technology is soon to gain wider ground in the forthcoming years.